The Demand for a Good Is Perfectly Elastic When the Price

question 75

Multiple Choice

The demand for a good is perfectly elastic when the price elasticity of demand is

• A)equal to infinity.
• B)between infinity and 1.
• C)equal to 1.
• D)between 1 and zero.
• E)equal to zero.

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Definitions:

Supercomputers

Extremely powerful computers with high computational capabilities, used for complex scientific calculations, simulations, and data processing tasks beyond the scope of general-purpose computers.

Operating System

The base software that manages computer hardware and software resources, and provides common services for computer programs.

MS-DOS

Short for Microsoft Disk Operating System, it's a non-graphical command line operating system used in the early days of personal computing.

Interface

A shared boundary across which two separate components of a computer system exchange information.