If There Is No Response in Quantity Demanded to a Change

question 87

Multiple Choice

If there is no response in quantity demanded to a change in price, demand is

• A) perfectly inelastic.
• B) perfectly elastic.
• C) elastic.
• D) unit-elastic.

---

Definitions:

Common Carrier

A service or company that is available to the public for transport of goods or people, under the regulation of governmental agencies.

Bailor

The person who temporarily transfers possession of property to another (the bailee) under a bailment agreement.

Common Carrier

A business or service that is available to the public for transportation of people, goods, or messages, under certain regulatory and legal obligations.

Remuneration

Payment or compensation received for services or employment, including allowances, benefits, and bonuses.