If the coefficient of price elasticity of demand is 0.1, demand is

If the coefficient of price elasticity of demand is 0.1, then the demand is inelastic. This means that the percentage change in quantity demanded is less than the percentage change in price. In other words, a small change in price would lead to a proportionally smaller change in quantity demanded. This suggests that the demand for the product is relatively insensitive to changes in price. When the coefficient of price elasticity of demand is less than 1, demand is considered to be inelastic.