If Demand Is Perfectly Inelastic, the Price Elasticity of Demand

question 140

Multiple Choice

If demand is perfectly inelastic, the price elasticity of demand is equal to

• A) 1.
• B) 0.
• C) infinity.
• D) a negative number between 0 and infinity.

Identify the three domains of life and recognize their characteristics.

Recognize the significance of adaptation and homeostasis as characteristics of living organisms.

Understand the concept of biodiversity and the threats it faces.

Distinguish between the cycling of energy and chemicals in ecosystems.

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Definitions:

Unconscious

Part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Awareness

The state or ability to perceive, feel, or be conscious of events, objects, or sensory patterns.

Recall

The cognitive process of retrieving information from memory without the aid of cues, often tested in memory experiments.

Wish Fulfillment

A concept in psychoanalytic theory where dreams or fantasies allow the unconscious fulfillment of desires that cannot be satisfied in real life.