Elastic demand is to a significant change in quantity demanded as inelastic demand is to what?

Elastic demand means that when the price of a product changes, the quantity demanded changes a lot. In contrast, inelastic demand refers to a situation where a change in price leads to a small change in the quantity demanded. For example, if the price of bread increases, people might still buy it because it is a necessity, so the quantity they buy doesn't drop much. This means that bread has inelastic demand, as consumers are less sensitive to price changes for essential items. Understanding this helps businesses and economists predict how people will react to price changes for different products.