How does the price range affect the elasticity of demand for a product

Demand for a good can be inelastic at a low price, but elastic at a high price.

Explanation:

Elasticity of demand measures how buyers will reduce or increase their demand when prices rise or fall. In that respect, elasticity means that the demand is very sensitive to a change in price, while an inelastic demand presumes that the demand is not very sensitive to a change in price. As a result, if the price is low, the demand will remain the more or less the same. On the other hand, if the price is high, it will be susceptible to change.

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answer; i believe the correct answer is (favorable balance);