Elastic demand is the type in which a change in
price
-
brings about greater change in quantity of goods demanded
- of a commodity leads to little or no change in demand
- leads to equal change in commodity demanded
- may not change the demand of quantity of commodity.
The correct answer is: A
Explanation
Elastic demand refers to a situation where the quantity demanded of a good or service changes significantly in response to a change in its price. This means that consumers are very responsive to price changes.