A Perfectly Inelastic Demand Is BEST Represented by A(n) _____

question 329

Multiple Choice

A perfectly inelastic demand is BEST represented by a(n) _____ demand curve.

• A) vertical
• B) downward-sloping
• C) horizontal
• D) upward-sloping

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Definitions:

Subcontraries

In the traditional square of opposition, a pair of propositions that, in virtue of their logical form, could both be true but could not both be false (I and O).

Universal

A characteristic or condition that applies to everything or everyone.

Rascally

Describing behavior that is playfully mischievous or dishonest, often in a benign or amusing way.

Rabbits

Small mammals with long ears, characterized by their fast reproduction and commonly found in several parts of the world.