Which one is true about price elasticity? 1) elastic elasticity gives a company more profit when prices goes down 2) inelastic elasticity gives a company more profit when price goes down 3) inelastic elasticity is greater than 1 of price elasticity 4) demands with inelastic elasticity increase by more than 1% when price goes down by 1% 5) When you have a product with inelastic demand, price change is not recommended