In the Case of Perfectly Inelastic Demand

question 222

Multiple Choice

In the case of perfectly inelastic demand,

• A)the change in quantity demanded equals the change in price.
• B)the percentage change in quantity demanded equals the percentage change in price.
• C)infinitely-large changes in quantity demanded result from very small changes in the price.
• D)quantity demanded stays the same whenever price changes.

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Definitions:

H-F

Hydrogen fluoride, a chemical compound consisting of hydrogen and fluorine, known for its use in industrial processes and its high toxicity.

Molecules

The smallest units of a chemical substance that retain their unique chemical identity.

Higher Boiling

Referring to a substance with a higher boiling point compared to another substance, often used to differentiate between similar compounds in purification processes.

Ketone

An organic compound characterized by a carbonyl group (C=O) bonded to two carbon atoms.