Which of the following statements describe an inelastic demand? Housing prices in London rose by 10 percent due to rock bottom interest rates. People are buying HDTVs before the Super Bowl game...

Which of the following statements describe an inelastic demand? Housing prices in London rose by 10 percent due to rock bottom interest rates. People are buying HDTVs before the Super Bowl game begins. A rise in the tax rate has decreased imports of auto parts from China. Megan did not buy too many hockey tickets even though their price dropped by 10 percent.