If Demand Is Perfectly Elastic

question 39

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 prices then quantity demanded falls to zero.
• D) then a 1% increase in price has no effect on quantity demanded.

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Definitions:

Student Behaviors

Actions or conduct displayed by students, influenced by various factors including the learning environment, educational strategies, and personal issues.

Melanocytes

Cells located in the basal layer of the skin's epidermis that produce melanin, the pigment responsible for skin color.

Keratinocytes

The predominant cell type found in the epidermis, responsible for producing keratin, a key protein in the skin's protective barrier.

Melanin

A colorant created by melanocytes within the skin, hair, and eyes that is accountable for pigmentation and safeguards against ultraviolet radiation.