If Consumers Completely Cease Purchasing a Product When Its Price

question 100

Multiple Choice

If consumers completely cease purchasing a product when its price increases by any amount, then demand is:

• A)inelastic.
• B)perfectly inelastic.
• C)unit elastic.
• D)perfectly elastic.

---

Definitions:

Separation Anxiety

A disorder characterized by excessive fear or anxiety about separation from home or an attachment figure.

Major Stressor

A significant event or circumstance that causes considerable stress, impacting an individual's mental and physical well-being.

Hospitalization

The process or period of being admitted to a hospital for treatment, observation, or surgery.

Upset

A state of being unhappy, disappointed, or worried.