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In Measuring Elasticity,if E=0,then Changes in Price Have No Impact

question 12

Multiple Choice

In measuring elasticity,if e=0,then changes in price have no impact on demand,which is referred to as a ____ situation and occurs when the item being sold is rare or essential.


Definitions:

Aromatic Hydrocarbons

Compounds that contain one or more benzene rings, noted for their stability and aromaticity.

Molecule

The smallest particle in a chemical element or compound that has the chemical properties of that element or compound, composed of atoms bonded together.

Anisole

An organic compound, methoxybenzene, characterized by a methoxy group attached to a benzene ring, used as a precursor in perfumery and pharmaceuticals.

Compound

An entity made up of multiple elements chemically joined in constant ratios.

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