Any Change in Price Along a Perfectly Inelastic Demand Curve

question 124

Multiple Choice

Any change in price along a perfectly inelastic demand curve produces:

• A) greater change in the quantity demanded.
• B) less change in the quantity demanded.
• C) no change in the quantity demanded.
• D) infinite change in the quantity demanded.

---

Definitions:

Existing laws

Currently enacted and enforceable legal rules governing behavior, relationships, and societal standards.

Moral development

The process through which individuals acquire values, behaviors, and thoughts about right and wrong that guide responsible and socially acceptable conduct.

Parental

Pertaining to a parent or guardianship, involving responsibilities of caring for or raising children.

Peer influences

The impact that individuals of similar age or status in a group have on each other’s behaviors or attitudes.