Demand Is Perfectly Inelastic When

question 112

Multiple Choice

Demand is perfectly inelastic when

• A) the good in question has perfect substitutes.
• B) shifts of the supply curve result in no change in price.
• C) shifts of the supply curve result in no change in quantity demanded.
• D) shifts of the supply curve result in no change in the total revenue from sales.

---

Definitions:

Productivity Rank

A measure or scale to evaluate the efficiency and output level of an employee, department, or organization in comparison to its peers.

Environmental Factors

External elements such as social, economic, political, and physical conditions that can influence an individual's or organization's functioning.

Training And Development

The educational process of enhancing skills, knowledge, and competencies, aimed at improving individual performance and productivity in organizational settings.

Needs Analysis

The process of identifying and assessing gaps between current conditions and desired outcomes or performance levels.