If the Quantity Demanded Does Not Change with Respect to Price

question 92

Multiple Choice

If the quantity demanded does not change with respect to price, then:

• A) the demand curve is infinitely elastic.
• B) the demand curve is unitary elastic.
• C) the demand curve is completely inelastic.
• D) the demand curve is in its inelastic range.
• E) the demand curve is in its elastic range

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Definitions:

Extinction

Extinction in psychology refers to the diminishing of a conditioned response when the reinforcement is withheld; in biology, it pertains to the disappearance of species.

Conditioned Response

The learned response to a previously neutral stimulus that has been repeatedly presented along with an unconditioned stimulus.

Preparedness

The state of being readily equipped or in a state of readiness to confront and deal with various situations or challenges.

Survival Value

The extent to which a trait or behavior increases an organism's chances of surviving and reproducing in its environment.