When Demand Is Perfectly Inelastic, There Is No Change in Quantity

question 106

True/False

When demand is perfectly inelastic, there is no change in quantity demanded after a change in price.

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Definitions:

Shelled Arthropod

Arthropods that have an external skeleton or shell, such as crustaceans and certain insects, providing protection and support.

Fossil

Physical evidence of an organism that lived in the ancient past.

Cambrian Period

A geological era around 541 million years ago, marked by a rapid diversification of life forms and the appearance of most major groups of animals in the fossil record.

Great Chain of Being

A hierarchical structure of all matter and life, believed in medieval Christianity to have been decreed by God.