A Perfectly Inelastic Demand Implies That Buyers

question 35

Multiple Choice

A perfectly inelastic demand implies that buyers:

• A) decrease their purchases when the price rises
• B) respond substantially to an increase in price
• C) increase their purchases only slightly when the price falls
• D) purchase the same amount when the price rises or falls

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Definitions:

Persuasive Message

Communication designed to convince or influence the audience to adopt a certain viewpoint or take a specific action.

Routine Request

A standard or common inquiry or petition that follows established procedures or guidelines.

Audience Compliance

The extent to which an audience acts in accordance with the requests, guidelines, or directions provided by a communicator or message.

Negative Outcome

An unfavorable or adverse result stemming from a particular action or decision.