If Demand Is Perfectly Inelastic, What Is the Absolute Value

question 202

Multiple Choice

If demand is perfectly inelastic, what is the absolute value of the price elasticity coefficient?

• A)Infinity
• B)Zero
• C)More than one
• D)Equal to the absolute value of the slope of the demand curve

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Definitions:

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Workaholic

An individual who compulsively works long and hard hours, often to the detriment of personal relationships and health.