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.

• A) relatively elastic
• B) perfectly inelastic
• C) relatively inelastic
• D) perfectly elastic

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Definitions:

Five Kingdom Classification

A system that categorizes all living organisms into five distinct groups: Monera, Protista, Fungi, Plantae, and Animalia, based on their cell structure and function.

R. H. Whittaker

A prominent ecologist who proposed a five-kingdom classification system for living organisms based on cellular structure and mode of nutrition.

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The process of determining the exact sequence of nucleotides within a DNA molecule.

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