1. Suppose a special discount makes the price of Nike air max shoes 10% lower. As result, there is a 20% increase in the quantity demanded for the shoes, which statement is correct ____?

A. The sneakers are price elastic, and the price elasticity = 0.5.

B. The sneakers are price elastic, and the price elasticity = 2.0.

C. The sneakers are price inelastic, and the price elasticity = 0.5.

D. The sneakers are price inelastic, and the price elasticity = 2.0.