The List Below Refers to the Price Elasticity of Demand

question 9

Multiple Choice

The list below refers to the price elasticity of demand.
1) perfectly inelastic
2) perfectly elastic
3) unitary elasticity
4) elastic
5) inelastic
-Refer to the information above to answer this question. What is a demand when a firm can sell a constant amount at either a higher or a lower price?

• A) 1.
• B) 2.
• C) 3.
• D) 4.
• E) 5.