Jerome Says That He Will Spend Exactly $25 Each Month

question 591

Multiple Choice

Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is

• A) perfectly elastic.
• B) unit elastic.
• C) perfectly inelastic.
• D) somewhat inelastic, but not perfectly inelastid.

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Definitions:

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