The demand for a good is price inelastic if the price elasticity of demand is:

Price inelastic demand occurs when the percentage change in quantity demanded is less than the percentage change in price. This means that consumers are not very responsive to price changes.

Mathematically, price inelastic demand is characterized by a price elasticity of demand (in absolute value) that is less than 1.

• If $|\text{PED}| > 1$, demand is elastic.
• If $|\text{PED}| = 1$, demand is unit elastic.
• If $|\text{PED}| < 1$, demand is inelastic.

A. Greater than 1: This describes elastic demand.
B. Equal to 1: This describes unit elastic demand.

Based on the definition, for demand to be price inelastic, the price elasticity of demand must be less than 1. This option is not fully visible in the provided image.