Multiple Choice
If consumers demand the same quantity of a good regardless of the price, the demand for that good is:
A) perfectly elastic.
B) unit elastic.
C) perfectly inelastic.
D) elastic.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q71: If an economist wants to know how
Q72: Use the figure A Tax on the
Q73: Use the table Price Elasticities of Demand
Q74: Use the figure A Tax on the
Q75: Use the table Price Elasticities of Demand
Q77: When the price of chocolate increases by
Q78: If any price increase causes the quantity
Q79: When demand is a downward-sloping straight line,
Q80: Use the figure A Demand Curve. Describe
Q81: Use the table The Price Elasticity of