If the Own Price Elasticity of Demand Is Infinite in Absolute

question 112

Multiple Choice

If the own price elasticity of demand is infinite in absolute value,then:

• A) demand is perfectly inelastic.
• B) the demand curve is horizontal.
• C) consumers do not respond at all to changes in price.
• D) demand is neither perfectly inelastic nor is the demand curve horizontal.

---

Definitions:

Conditioned Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, elicits a conditioned response.

Classical Conditioning

A training mechanism in which two stimuli are frequently paired together; over time, the response that was originally caused by the second stimulus is elicited by the first stimulus.

Unconditioned Response

A reflexive, instinctual reaction to an unconditioned stimulus, not learned through previous experience.

Conditioned Response

A learned reaction to a conditioned stimulus that occurs because of previous conditioning, an essential concept in classical conditioning theories.