Multiple Choice
If the price of a good changes and the change in the quantity demanded is proportional to that price change, the good has a _____ demand.
A) unit elastic
B) perfectly elastic
C) perfectly inelastic
D) inelastic
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q116: Use the table The Price Elasticity of
Q117: The price of a good is initially
Q118: If the price elasticity of demand is
Q119: The price elasticity of demand is always:<br>A)
Q120: When the price of football ticket is
Q121: A government wants to place an excise
Q122: When the price of good X increases
Q123: The price elasticity of demand for rice
Q124: Does a good that has a perfectly
Q126: What is the value of the price