If Demand Is Perfectly Elastic

question 3

Multiple Choice

If demand is perfectly elastic,

• A)then a 1% increase in price leads to a fall in quantity of greater than 1%.
• B)then a 1% increase in price leads to a fall in quantity of less than 1%.
• C)then a 1% increase in price causes quantity demanded to fall to zero.
• D)then a 1% increase in price has no effect on quantity demanded.

---

Definitions:

Framing

The process of shaping the presentation and interpretation of information or issues in communication, influencing how audiences perceive them.

Pay For Play

A controversial practice where companies pay for media coverage or placement, often blurring the lines between advertising and editorial content.

Global Media Relations

The practice of managing and cultivating a relationship with the media across different countries to promote an organization's message or image on an international scale.

Media Relations Strategies

Plans and actions designed to build and maintain positive relationships with the media, facilitating effective communication of an organization's messages.