If Demand Is Perfectly Inelastic,then

question 122

Multiple Choice

If demand is perfectly inelastic,then:

• A)the elasticity of demand is 1.
• B)the elasticity of demand is -1.
• C)the demand curve will be nonexistent.
• D)the demand curve will be a horizontal line.
• E)quantity demanded does not change when price changes.

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Definitions:

Intervening Variables

Variables that mediate the relationship between independent and dependent variables in research, helping to explain how or why certain effects occur.

Display Rules

Cultural norms or guidelines dictating which emotions can be expressed and how they should be displayed in various social situations.

Work Cultures

The environment, practices, values, and behaviors that characterize and define a workplace.

Emotional Intelligence

The ability to identify, assess, and control the emotions of oneself, of others, and of groups.