We Should Never Assume That an Inelastic Demand Curve Is

question 142

Multiple Choice

We should never assume that an inelastic demand curve is a perfectly inelastic demand curve because

• A)there has never been evidence of a perfectly inelastic demand curve.
• B)an inelastic demand curve may be perfectly inelastic at some times but not others.
• C)perfectly inelastic demand curves are rare.
• D)an inelastic demand curve may be elastic at low prices.