A Perfectly Inelastic Demand Schedule

question 168

Multiple Choice

A perfectly inelastic demand schedule

• A)rises upward and to the right but has a constant slope.
• B)can be represented by a line parallel to the vertical axis.
• C)cannot be shown on a two-dimensional graph.
• D)can be represented by a line parallel to the horizontal axis.

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Definitions:

Identical Twins

Twins who develop from a single fertilized egg that splits into two, leading them to be genetically identical and share nearly 100% of their DNA.

Fraternal Twins

Siblings born at the same time but developed from separate eggs fertilized by different sperm cells, resulting in babies that are genetically distinct.

Franz Mesmer

An 18th-century German physician who proposed the theory of animal magnetism and is considered a pioneer in the study of hypnosis.

Hypnosis

A trance-like state of focused attention and heightened suggestibility, accompanied by deep relaxation and vivid imaginations, often used for therapeutic purposes.