Suppose the Demand for Rescue Services in Our National Parks

question 288

Multiple Choice

Suppose the demand for rescue services in our national parks is perfectly inelastic.This fact would mean that a 31 percent increase in rescue fees leads to

• A) a 31 percent decrease in the quantity demanded.
• B) a 31 percent increase in demand.
• C) a 31 percent decrease in demand.
• D) no change in the quantity demanded.
• E) a decrease in the quantity demanded to 0 rescues.

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Definitions:

Harry S. Truman

The 33rd president of the United States (1945–1953) known for his leadership during the final stages of World War II and the early years of the Cold War.

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Expressing feelings of pity and sorrow for someone else's misfortune.

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A political and economic ideology aiming for a classless society where the means of production are communally owned and everyone contributes and receives according to their ability and needs.

Civil Liberties

Basic rights and freedoms guaranteed to individuals, usually protected by law or constitutional provisions, against government infringement.