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:

Nutrient Trap

A mechanism or feature in an ecosystem that captures and retains nutrients, preventing them from being lost and thereby enhancing nutrient availability.

Aquatic Community

A group of species that live in the same habitat and interact with each other in a body of water.

Estuaries

Coastal water bodies where river meets the sea, mixing fresh and saltwater and creating ecosystems with high biological productivity.

Nursery

A place specifically designed for the care and growth of young plants, trees, or children, providing appropriate conditions for development.