A Perfectly Elastic Demand Implies That

question 49

Multiple Choice

A perfectly elastic demand implies that

• A)buyers will not respond to any change in price.
• B)any rise in price above that represented by the demand curve will result in a quantity demanded of zero.
• C)quantity demanded and price change by the same percent as we move along the demand curve.
• D)price will rise by an infinite amount when there is a change in quantity demanded.

---

Definitions:

Conflict

A disagreement or clash between two or more parties, often resulting from differing interests or views.

Withdrawal/Avoidance

A behavior pattern where individuals or groups seek to escape from stressful situations by disengaging physically or psychologically.

C-type Conflict

Refers to cognitive conflict, which involves disagreement among group members about task-related issues, opinions, and ideas, and is generally viewed as constructive.

Relational

Pertaining to or concerning the way in which two or more concepts, objects, or people are connected; typically emphasizing relationships and interactions.