Sentaro Eventually Becomes Bored with Perpetual Life and Wishes to Return

question 3

True/False

Sentaro eventually becomes bored with perpetual life and wishes to return to the life he had before.

---

Definitions:

Perfectly Inelastic

Describes a situation where the demand or supply for a good or service does not change in response to price changes.

Price Elasticity

An evaluation of how the requested quantity of a merchandise alters in response to price adjustments.

Perfectly Inelastic

A market condition where the quantity demanded does not change as the price changes.

Price Elasticity

A measure of how sensitive the quantity demanded of a good is to a change in its price.