When Demand Is Perfectly Elastic, Then Consumer Surplus Is

question 6

Multiple Choice

When demand is perfectly elastic, then consumer surplus is

• A)infinite.
• B)zero.
• C)1.00.
• D)-1.00.
• E)between zero and 1.00.

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Definitions:

Internal-Unstable

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External-Stable

An attributional pattern where success or failure is attributed to enduring factors outside an individual's control.

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The state of having contradictory thoughts, beliefs, or attitudes, especially relating to behavioral decisions and attitude change.

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The use of pharmaceuticals for a limited period to treat a condition or manage symptoms.