Multiple Choice
If the demand is perfectly inelastic, what would happen to the quantity demanded if there is a tiny increase in price?
A) quantity demanded will increase proportionately
B) quantity demanded will fall to zero
C) quantity demanded will register a disproportionately high increase
D) quantity demanded will decrease proportionately
E) quantity demanded will remain the same
Correct Answer:

Verified
Correct Answer:
Verified
Q14: If the government wanted to reduce the
Q15: A secondary effect of an action that
Q16: What type of demand curve is depicted
Q18: Exhibit 4-C <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5765/.jpg" alt="Exhibit 4-C
Q20: A decrease in the current minimum wage
Q21: Total revenue represents the amount that:<br>A)sellers receive
Q24: Exhibit 4-A <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5765/.jpg" alt="Exhibit 4-A
Q44: When both supply and demand shift in
Q102: Which of the following is true of
Q261: If the elasticity of demand coefficient for