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.

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Definitions:

Cosmetic

Relating to treatments or products used to enhance or alter the appearance of the body, especially for beauty purposes.

Ablative

Describes treatments aimed at removing or destroying tissue, often used in the context of surgical procedures or cancer therapies.

Elective

Pertaining to a procedure or treatment chosen by the patient or physician that is not urgent but considered beneficial.

Preoperative Phase

The period of preparation and evaluation before a surgical procedure.