If Demand Drops to Zero at the Slightest Increase in Price

question 45

Multiple Choice

If demand drops to zero at the slightest increase in price, demand is:

• A) unit elastic
• B) relatively inelastic
• C) totally inelastic
• D) infinitely elastic

---

Definitions:

Report Introduction

An initial section that outlines the purpose, scope, and context of a report.

Feasibility Report

A document that assesses the practicality of a proposed plan or project.

Justification Report

Detailed written arguments recommending a course of action backed by research and analysis.

Closure Report

A comprehensive summary document that signifies the completion of a project, detailing objectives achieved, outcomes, and any outstanding matters.