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:

Classical Conditioning

A conditioning technique where, through recurrent pairing of two stimuli, a reaction initially caused by the second stimulus is eventually caused by the first stimulus alone.

Species-Specific

Pertaining or unique to a particular species.

Preparedness

A predisposition to quickly learn certain types of behaviors or to associate specific stimuli with certain responses due to evolutionary pressures.

Shaping

A method of training by which successive approximations toward a desired behavior are reinforced to teach a complex behavior.