Multiple Choice
If the demand is perfectly elastic, 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
Correct Answer:
Verified
Correct Answer:
Verified
Q50: When a tax is imposed on a
Q195: Demand tends to be more elastic, the
Q196: Shaina and Mariah have a business that
Q197: A 10% decrease in the price of
Q198: Price elasticity of supply is a measure
Q199: If the government wanted a tax to
Q201: If price increases 6% and the quantity
Q202: If price increases 6% and the quantity
Q203: The nation's largest cable TV company tested
Q204: Which of the following is not a