A Perfectly Inelastic Demand

question 54

Multiple Choice

A perfectly inelastic demand:

• A) means people will quickly change the quantity they purchase when price changes.
• B) means people will not respond to any change in price.
• C) is demonstrated by a perfectly horizontal demand curve.
• D) has an absolute value greater than 1.

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Definitions:

Respiratory Acidosis

A medical condition characterized by an excess of carbon dioxide in the bloodstream, leading to lowered blood pH.

Hypokalemia

A medical condition characterized by low levels of potassium in the bloodstream, which can affect heart and muscle function.

Electrocardiogram

Is a medical test that measures the electrical activity of the heart to assess heart health and diagnose various heart conditions.

Peripheral Pulses

The palpable beats of blood that can be felt at various points on the body far from the heart, used to assess circulatory health.