Multiple Choice
If the percent change in quantity demanded is zero for any percent change in the price,demand is classified as:
A) inelastic.
B) perfectly inelastic.
C) unit elastic.
D) perfectly elastic.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q42: Mike knows how to make hamburgers (like
Q43: The reason a brand name item (e.g.
Q44: Generally speaking,demand for a good will be
Q45: When Taylor raised the price of earrings
Q46: An increase in the price of golf
Q48: If the slope of the demand curve
Q49: If the consumers can easily switch to
Q50: The following graph depicts demand. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3715/.jpg"
Q51: If the price is $2.00 in both
Q52: If the price elasticity of demand for