A Perfectly Inelastic Demand Curve

question 7

Multiple Choice

A perfectly inelastic demand curve:

• A)rises upward and to the right, but has a constant slope
• B)can be represented by a line parallel to the vertical axis
• C)cannot be shown on a two-dimensional graph
• D)can be represented by a line parallel to the horizontal axis
• E)is downward sloping and has a constant slope

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Definitions:

Geodemography

A field that combines geography and demography to study the distribution of characteristics across different geographic areas and populations.

Single-Source Data

Information collected from a single point of measurement, used in various fields to ensure consistency and comparability of data.

Psychographic Segmentation

A marketing strategy that divides consumers into segments based on their psychological characteristics, such as values, desires, lifestyle, attitudes, and personalities.

Sociological

Relating to the study of the development, structure, and functioning of human society.