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When the Demand for a Product Is Said to Be

Question 41

Multiple Choice

When the demand for a product is said to be perfectly inelastic, it implies that:


A) the sales of the product are very sensitive to changes in price.
B) the demand curve for the product is relatively flat.
C) the profit per-unit increases with an increase in price.
D) with a change in price, change in quantity demanded is zero.
E) as price increases, the quantity demanded increases.

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