Assume that the demand for plastic surgery is price inelastic. Are the following statements true or false? Explain your answer for full credit. ◦When the price of plastic surgery increases, the number of operations decreases.
◦The percentage change in the price of plastic surgery is less than the percentage change in quantity demanded.
◦Changes in the price of plastic surgery do not affect the number of operations.
◦Quantity demanded is quite responsive to changes in price.
◦The marginal revenue of another operation is negative
