If the Elasticity of Demand for a Good Is 0

question 217

Multiple Choice

If the elasticity of demand for a good is 0.2,then the demand for that good is

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

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Definitions:

Short-term Memory

The capacity for holding a small amount of information in an active, readily available state for a short period of time.

Long-term Memory

A type of memory that stores information for a long period, potentially for a lifetime, encompassing experiences, knowledge, and skills.

One-Fifth

Quantitatively, a fraction equivalent to 20 percent or one out of five parts.

Mammals

A class of warm-blooded vertebrate animals that have, in the female, mammary glands which produce milk for feeding their young.