The List Below Refers to the Price Elasticity of Demand

question 41

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 curve that is parallel to the horizontal axis?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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Definitions:

Satisfaction

A feeling of fulfillment or contentment with one's achievements, possessions, or state of being.

Conscience

is an inner sense of what is morally right or wrong in one's actions or thoughts, guiding ethical decision-making.

Ego Ideal

A component of personality in Freudian psychology representing an individual's ideal self and aspirations.

Personality Theory

A framework for understanding individual differences in patterns of thinking, feeling, and behaving.