The List Below Refers to the Price Elasticity of Demand

question 129

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 a demand curve that is parallel to the vertical axis?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

---

Definitions:

Young Adulthood

A developmental stage occurring from late teens or early twenties to the thirties, characterized by the pursuit of independence, identity, and personal relationships.

Integrity

The characteristic of being truthful and upholding high ethical standards, or the condition of being intact and unified.

Erikson

A psychologist known for his theory on psychological development across eight stages from infancy to adulthood, focusing on the impact of social experience.

Delay of Gratification

The capacity to forego an instant gratification in favor of a future benefit.