content area top Part 1 Which of the following is a true statement about price elasticity? Question content area bottom Part 1 A. Inflation led to significantly lower price elasticities. B. Promotional price elasticities were lower than actual price elasticities in the short run. C. Price elasticity depends on the magnitude and direction of the contemplated price change. D. Price elasticity magnitudes were lower for durable goods than for other goods. E. Price elasticity magnitudes were lower for products in the introduction/growth stages of the product life cycle than they were in the maturity/decline stages