We Should Never Assume That an Inelastic Demand Curve Is

question 260

Multiple Choice

We should never assume that an inelastic demand curve is a perfectly inelastic demand curve because

• A) there has never been evidence of a perfectly inelastic demand curve.
• B) an inelastic demand curve may be perfectly inelastic at some times but not others.
• C) perfectly inelastic demand curves are rare.
• D) an inelastic demand curve may be elastic at high prices.

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