What best describes reverse elasticity? a. rise in price triggers an increase in demand b. rise in demand results in an increase in price c. decrease in price triggers an increase in demand d. increase in supply lowers price thus demand increases

b. rise in demand results in an increase in price

Explanation:

Price elasticity of demand in economics measures the degree of the responsiveness of the quantity demanded of a good or service to increase in its price.

Therefore reverse elasticity will be the measure of the degree of responsiveness of price to changes in quantity demanded.

Therefore in the options given in the scenario, an increase in price resulting from a rise in demand is most likely the appropriate definition of a reverse elasticity