Lativia's Lattes finds that it can sell $5,000 worth of 16-ounce lattes when its price is $4 per unit and $5,000 worth of it when its price is $5, then Multiple Choice the demand for the product is unit elastic in the $4- $5 price range . the demand for the product is inelastic in the \$4-\$5 price range . the elasticity of demand cannot be determined with the information given . the demand for the product is elastic in the $ 4- $5 price range