If the Elasticity of Demand for a Good Is 0

question 229

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.

---

Definitions:

Mimbres Culture

A Native American culture centered in what is now the southwestern United States, known for its black-on-white pottery with intricate geometric designs.

Black-on-white Painted Bowls

Types of ceramic bowls characterized by their decorative style, which includes black designs painted on a white background, common in Ancestral Puebloan pottery.

Southwestern New Mexico

A region in the southwestern part of the state of New Mexico, characterized by its beautiful desert landscapes and rich cultural history.

Real GDP

The calculation of a nation's total economic output accounting for price level changes over time, to represent the real value of all produced goods and services using stable prices.