The Price of Furnace Filters Increased by 5 Percent and the Quantity

question 90

Multiple Choice

The price of furnace filters increased by 5 percent and the quantity demanded did not change.The price elasticity of demand for furnace filters is

• A) perfectly inelastic.
• B) inelastic.
• C) elastic.
• D) unit elastic.
• E) perfectly elastic.

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Definitions:

Restricted Diet

A diet limited in certain foods or nutrients for health, ethical, or personal reasons.

Soft Drinks

Beverages that are carbonated and sweetened with various flavorings, often containing caffeine and artificial ingredients.

Simple Meals

Meals that are easy to prepare, requiring few ingredients and minimal cooking time.

Big Meal

A substantial or sizeable meal that typically includes multiple courses or a large quantity of food, often consumed during special occasions or celebrations.