Multiple Choice
If a firm loses all of its sales when it raises its price above the going market price, then:
A) the demand curve is infinitely elastic.
B) the demand curve is unitary elastic.
C) the demand curve is completely inelastic.
D) the demand curve is in its inelastic range.
E) the demand curve is in its elastic range
Correct Answer:
Verified
Correct Answer:
Verified
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