Multiple Choice
Alice says that she likes banana splits, but if the price changed, she would not buy them anymore. If this is the case:
A) Alice's demand for banana splits is perfectly inelastic
B) Alice's price elasticity of demand for banana splits is one
C) Alice's income elasticity of demand for banana splits is negative
D) Alice's demand for banana splits is perfectly elastic
Correct Answer:

Verified
Correct Answer:
Verified
Q5: A vertical supply curve signifies that:<br>A)a change
Q8: The price elasticity of demand for toasted
Q55: Coffee and tea are likely to have:<br>A)a
Q59: Suppose that an increase in the price
Q69: If an increase in income results in
Q75: The Conservation Reserve Program pays farmers to
Q84: Suppose the government increases the tax on
Q107: If the demand curve is linear and
Q119: Suppose that 50 candy bars are demanded
Q150: The demand for a good is said