Perfectly Inelastic Demand Is Represented by a Demand Curve Which

question 98

Multiple Choice

Perfectly inelastic demand is represented by a demand curve which is ________, and relatively inelastic demand is represented by a demand curve which is ________.

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

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Definitions:

Public Disclosure

The act of making information or data available to the general public, often mandatory for government bodies and public companies.

Ethical Behavior

Conduct that is consistent with what society, individuals, or businesses consider to be good values or moral principles.

Organizational Commitment

The psychological attachment and loyalty an employee has towards their organization, influencing their willingness to remain part of the team.

Kinds

Kinds refer to categories or types that share common characteristics or attributes.