If a Demand Curve for a Good Were Completely Vertical

question 144

Multiple Choice

If a demand curve for a good were completely vertical, it would be considered

• A) perfectly elastic.
• B) perfectly inelastic.
• C) of unitary elasticity.
• D) relatively inelastic.

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Definitions:

Implicit Prejudice

Unconscious bias or attitudes towards individuals or groups, which can influence behavior without conscious awareness.

Stereotype

A generalized (sometimes accurate but often overgeneralized) belief about a group of people.

University Professors

Scholars and academic experts who educate students in higher education institutions and conduct research.

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, after discussion.