If Demand Is Perfectly Inelastic, the Absolute Value of the Price

question 23

Multiple Choice

If demand is perfectly inelastic, the absolute value of the price elasticity of demand is

• A)zero.
• B)less than one.
• C)more than one.
• D)equal to the absolute value of the slope of the demand curve.

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Definitions:

Amplitude

In physics, the maximum extent of a vibration or oscillation measured from the position of equilibrium.

EEG

Electroencephalography, a non-invasive procedure that records electrical activity of the brain using electrodes placed on the scalp.

Brain Waves

Oscillating electrical voltages in the brain that reflect different states of brain activity.

Actigraph

A device typically worn on the wrist that tracks movement and is often used to monitor sleep patterns and physical activity levels.