If Demand Is Perfectly Inelastic

question 123

Multiple Choice

If demand is perfectly inelastic,

• A)the percent change in quantity demanded divided by the percent change in price is zero
• B)the demand curve is a vertical line
• C)supply is perfectly inelastic too
• D)consumers have power over prices
• E)the percentage change in price divided by the percentage change in quantity demanded is zero

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Definitions:

Social Mediation

Human interaction that expands and advances understanding, often through words that one person uses to explain something to another.

Zone of Proximal Development

A concept developed by Vygotsky, referring to the difference between what a learner can achieve independently and what they can achieve with guidance and encouragement from a skilled partner.

Bidirectional Function

A relationship or interaction that goes in two directions, often referring to the mutual influence two variables have on each other.

Sociobiological

Related to the study of the biological basis of social behavior in animals and humans.