The List Below Refers to the Price Elasticity of Demand

question 45

Multiple Choice

The list below refers to the price elasticity of demand.
1) perfectly inelastic
2) perfectly elastic
3) unitary elasticity
4) elastic
5) inelastic
-Refer to the information above to answer this question.What is demand when a firm can sell a constant amount at either a higher or a lower price?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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