If Demand Is Perfectly Inelastic, the Price Elasticity of Demand

question 140

Multiple Choice

If demand is perfectly inelastic, the price elasticity of demand is equal to

• A) 1.
• B) 0.
• C) infinity.
• D) a negative number between 0 and infinity.

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Definitions:

Vitamin K

A fat-soluble vitamin that plays a critical role in blood clotting and bone metabolism.

Folate

A type of B vitamin crucial for DNA synthesis, cell division, and the production of red blood cells.

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Reduced strength in one or more muscles, which can be a result of a myriad of conditions or diseases affecting the muscular or nervous system.

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A chemical element with symbol P, essential for living organisms as part of key molecules like DNA and ATP.