Multiple Choice
If there is no response in quantity demanded to a change in price, demand is
A) perfectly inelastic.
B) perfectly elastic.
C) elastic.
D) unit-elastic.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q82: Which of the following is FALSE regarding
Q83: Suppose that the cross price elasticity of
Q84: What does a perfectly elastic demand curve
Q85: The most important determinant of the elasticity
Q86: If the price of oranges went up
Q88: If price decreases by 10 percent and
Q89: Why is elasticity of demand greater for
Q90: Other things being equal, the longer a
Q91: The price elasticity of demand is<br>A) always
Q92: If the prices of computer tablets rise,