If the Price Elasticity of Demand Is Zero,then Demand Is

question 113

Multiple Choice

If the price elasticity of demand is zero,then demand is

• A)elastic.
• B)inelastic.
• C)perfectly inelastic.
• D)perfectly elastic.
• E)unit elastic.

---

Definitions:

Decision Making

Decision Making is the process of making choices by identifying a decision, gathering information, and assessing alternative resolutions.

Immediate Context Factor

Elements or conditions present in the environment at the moment that can influence the outcome or process of an activity, such as negotiations.

External Stakeholders

Individuals or groups outside of an organization who are affected by its decisions and actions.

Relationship between Negotiators

The nature of interaction and connection between individuals engaged in the negotiation process.