If the Own Price Elasticity of Demand Is Infinite in Absolute

question 112

Multiple Choice

If the own price elasticity of demand is infinite in absolute value,then:

• A) demand is perfectly inelastic.
• B) the demand curve is horizontal.
• C) consumers do not respond at all to changes in price.
• D) demand is neither perfectly inelastic nor is the demand curve horizontal.

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Definitions:

McClelland

A psychologist known for his work on motivation and needs theory, specifically Achievement Motivation Theory.

Complex Tasks

Duties or projects that involve multiple steps, require higher-order thinking, and cannot be easily automated or simplified.

Solve Problems

The method of identifying resolutions for complex or challenging problems.

Forces

Influences or drivers that cause change or affect the performance and behavior of individuals or organizations.