Multiple Choice
A firm can sell as much as it wants at a constant price. Demand is thus
A) perfectly inelastic.
B) perfectly elastic.
C) relatively inelastic.
D) relatively elastic.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q74: The basic formula for the price elasticity
Q96: Cross elasticity of demand is<br>A)negative for complementary
Q98: If the coefficient of cross elasticity of
Q160: A study of mass-transit systems in American
Q162: The law of supply suggests that the
Q163: Which product is most likely to be
Q169: The price-elasticity coefficients are 2.6, 0.5, 1.4,
Q218: Suppose we find that the price elasticity
Q222: The more time consumers have to adjust
Q228: An antidrug policy that reduces the supply