A Perfectly Inelastic Demand Curve Has a Price Elasticity

question 170

Multiple Choice

A perfectly inelastic demand curve has a price elasticity

• A)equal to zero.
• B)that varies.
• C)equal to 1.
• D)less than 1.
• E)of infinity.

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Definitions:

Postcondition

A condition or predicate that must always be true immediately after the execution of a section of code or a function.

Super

A keyword used in object-oriented programming languages to refer to an object's parent class, often used to access parent class properties or methods.

Superclass

The class from which other classes inherit properties and methods in object-oriented programming.

Shape

In programming, particularly in graphics and design, an entity or object that represents a geometric figure.