If the demand for a good is elastic, then
A.
people do not change the quantity they demand when the price of the good changes.
B.
a change in price leads to a smaller percentage change in the quantity demanded.
C.
people substantially decrease the quantity of the good they buy if its price increases by a small percentage.
D.
a change in the quantity demanded is smaller than the change in price.
E.
the quantity demanded divided by the price exceeds 1.00.