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The Figure Given Below Shows the Demand Curves for Five

Question 42

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The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1    -If the demand for a good is perfectly inelastic, then: A) the value of price elasticity of demand of the good is equal to 1. B) the value of price elasticity of demand of the good is equal to -1. C) the demand curve of the good is nonexistent. D) consumers are very responsive to a change in the price of the good. E) quantity demanded does not change when price of the good changes.
-If the demand for a good is perfectly inelastic, then:


A) the value of price elasticity of demand of the good is equal to 1.
B) the value of price elasticity of demand of the good is equal to -1.
C) the demand curve of the good is nonexistent.
D) consumers are very responsive to a change in the price of the good.
E) quantity demanded does not change when price of the good changes.

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