When Demand Is Perfectly Inelastic, the Demand Curve Is

question 253

Multiple Choice

When demand is perfectly inelastic, the demand curve is

• A) horizontal.
• B) vertical.
• C) upward sloping.
• D) downward sloping.

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Definitions:

Maquiladoras

Mexican factories located along the U.S.–Mexico border that receive preferential tariff treatment.

Tariffs

Taxes imposed by a government on imports or exports of goods.

Operations Management Strategy

A plan for designing, operating, and improving the processes that create and deliver goods and services.

Multinational Organizations

Corporations or enterprises that manage production or deliver services in more than one country, operating across national borders.