Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. ? When the initial price is high and the initial quantity is low, the percentage change in quantity exceeds the percentage change in price, making demand inelastic. ? When the initial price is low and the initial quantity is high, the percentage change in quantity is less than the percentage change in price, making demand elastic. ? When the initial price is high and the initial quantity is low, the percentage change in quantity exceeds the percentage change in price, making demand elastic. ? When the initial price is low and the initial quantity is high, the percentage change in quantity is less than the percentage change in price, making demand inelastic.