Along a Perfectly Elastic Demand Curve

question 10

Multiple Choice

Along a perfectly elastic demand curve,

• A)the slope is always zero.
• B)the price elasticity of demand is 1.
• C)consumer purchases will not respond at all to a change in price.
• D)All of the above are true.

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Definitions:

Surface-Level Diversity

Easily perceived differences between people, such as age/generation, race/ethnicity, gender, and ability.

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Stereotype

A fixed, overgeneralized belief about a particular group or class of people.

Glass Ceiling

An invisible barrier that limits one’s ability to progress to more senior positions.