11. The term "inelastic
(1) Describes demand that is not very
sensitive to a change in price.
(2) Describes demand that is very seasitive
to a change in price.
(3) Describes demand whose elasticity is
exactly equal to 1.
(4) Refers to how consumers make
substitutions.

Answer asap and you read the following quote from hiram rhodes revels: i find that the prejudice in this country to color is very great, and i sometimes fear that it is on the in the space provided, reflect on revels’ quote. do you believe that attitudes toward race have improved since this quote was made? is there work still to be done? use examples to support your thoughts.