Perfectly Inelastic Demand Occurs When

question 125

Multiple Choice

Perfectly inelastic demand occurs when:

• A) consumers are extremely sensitive to a change in price.
• B) consumers are quick to alter their demand when the price changes.
• C) the quantity demanded is unchanged when the price changes by any amount.
• D) only large changes in price affect the quantity demanded.

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Definitions:

Fatigue

A state of tiredness or exhaustion that can result from physical or mental exertion, reducing one’s ability to perform tasks effectively.

Psychosurgery

Surgical operations on the brain intended to relieve severe mental disorders.

Cognitive Therapy

A form of psychotherapy that focuses on changing unhelpful or destructive thought patterns, with the aim of influencing emotions and behaviors.

Group Therapy

A sociocultural approach to the treatment of psychological disorders that brings together individuals who share a particular psychological disorder in sessions that are typically led by a mental health professional.