If the Value of the Price Elasticity of Demand for a Good

question 109

Multiple Choice

If the value of the price elasticity of demand for a good is equal to infinity,the good has a ________ demand.

• A) perfectly elastic
• B) perfectly inelastic
• C) unit elastic
• D) relatively inelastic

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Definitions:

Sharp Peaks

Pointed mountaintops or summit areas characterized by steep slopes and rugged terrain.

Sharp Ridges

Narrow, elongated, and often steep landforms that are formed by the erosion of geological processes, especially in mountainous regions.

Terminal Moraine

A moraine that forms at the farthest point reached by a glacier or ice sheet, marking its maximum advance.

Recessional Moraine

A ridge of debris deposited at the point of furthest retreat of a glacier or ice sheet.