When Demand Is Perfectly Elastic, Then Consumer Surplus Is

question 6

Multiple Choice

When demand is perfectly elastic, then consumer surplus is

• A)infinite.
• B)zero.
• C)1.00.
• D)-1.00.
• E)between zero and 1.00.

---

Definitions:

Standard Deviation

Standard deviation is a measure that quantifies the amount of variation or dispersion of a set of data values, used to understand how spread out the values are from the mean.

Mean Speed

The average velocity of an object over a defined period of time.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation means that the values tend to be close to the mean, while a high standard deviation means they are spread out over a wider range.

Normal Model

Also known as the normal distribution, a bell-shaped curve that represents the distribution of many types of data where most values cluster around a mean value.