What Does a Perfectly Inelastic Demand Imply

question 59

Multiple Choice

What does a perfectly inelastic demand imply

• A)Buyers decrease their purchases when the price rises.
• B)Buyers purchase the same amount when the price rises or falls.
• C)Buyers increase their purchases only slightly when the price falls.
• D)Buyers respond substantially to an increase in price.

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Definitions:

Dysfunctional Beliefs

Negative, often unrealistic thoughts that may contribute to and exacerbate emotional disorders and distress.

Interpretive Biases

Cognitive biases that affect the way individuals perceive and interpret information, events, or the behavior of others.

Somatic Symptom

A physical symptom that can be felt or experienced, which is attributed to psychological distress rather than a physical cause.

Pharmacological Intervention

The use of medications in the treatment or management of a disease or disorder.