If Demand Is Perfectly Inelastic, the Demand Curve Is Vertical

question 21

True/False

If demand is perfectly inelastic, the demand curve is vertical, and the price elasticity of demand equals 0.

---

Definitions:

Follow-Up Study

Research conducted after a preliminary study to verify or elaborate on the initial findings, often at a later time.

Social Scientists

Researchers who study human society and social relationships through various methods of empirical investigation and critical analysis.

Measured Objectively

The process of observing and recording information in a way that minimizes bias and subjectivity, aiming for neutrality and accuracy.

Q-Methodology

A research technique used to study people's viewpoints by having them rank and sort statements according to their opinions.