A Demand Curve Which Is ________ Represents Perfectly Inelastic Demand

question 72

Multiple Choice

A demand curve which is ________ represents perfectly inelastic demand, and a demand curve which is ________ can represent inelastic demand.

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

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Definitions:

Affirmative Action

Policies or measures that favor individuals belonging to groups known to have been discriminated against previously.

Constitutionality

The quality or state of being in accordance with the constitution, or being constitutionally valid.

Ethnic Group

A community or population made up of people who share a common cultural background, heritage, or lineage.

Latinos

People of Latin American origin or descent, often residing in the United States, representing a diverse group of backgrounds, countries, and cultures.