If Quantity Demanded Is Completely Unresponsive to Price Changes, Demand

question 41

Multiple Choice

If quantity demanded is completely unresponsive to price changes, demand is

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

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Definitions:

Intelligence Scores

Quantitative measures used to assess an individual's general cognitive abilities or intelligence quotient (IQ).

Correlation

A metric that reveals the degree of co-movement between two or more variables.

Intelligence Test Scores

numerical outcomes derived from assessments designed to measure human intelligence and cognitive abilities.

Household Incomes

The combined gross income of all members of a household who are 15 years old or older, including wages, salaries, pensions, and other sources.