A Perfectly Elastic Demand Implies That

question 49

Multiple Choice

A perfectly elastic demand implies that

• A)buyers will not respond to any change in price.
• B)any rise in price above that represented by the demand curve will result in a quantity demanded of zero.
• C)quantity demanded and price change by the same percent as we move along the demand curve.
• D)price will rise by an infinite amount when there is a change in quantity demanded.

---

Definitions:

False Alternative

The fallacy of excluding relevant possibilities without justification.

Fallacy

An error in reasoning that renders an argument invalid or misleading.

Alec Baldwin

An American actor and producer known for his work in film, television, and stage.

Film Festival

An organized event dedicated to the screening and appreciation of films, usually focusing on specific genres, themes, or filmmakers.