In the Real World, Demand Is Not Likely to Be

question 154

Multiple Choice

In the real world, demand is not likely to be perfectly inelastic at every price because

• A)no substitutes exist for some goods
• B)some consumers will be unable to afford very high prices with given incomes
• C)at low prices, consumers always want a lot
• D)consumers are willing to pay any price for certain goods
• E)the prices of certain goods don't change

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Definitions:

OCH Bond Angle

The angle formed between an oxygen, carbon, and hydrogen atom within a molecule, important for determining molecular geometry.

Cis-trans Isomers

Molecules with the same molecular formula but differing in the spatial arrangement of atoms or groups around a double bond or ring structure, leading to distinct properties.

Constitutional Isomers

Molecules that have the same molecular formula but differ in the way their atoms are connected.

Isomeric

Molecules that have the same molecular formula but differ in the arrangement of their atoms or in the spatial orientation of their atoms.