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wrote...
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2 weeks ago

Question 1.

If the quantity demanded of a product is the same for each possible price, demand is

• elastic.

• unit-elastic.

• perfectly inelastic.

• perfectly elastic.

Question 2.

If there is no response in quantity demanded to a change in price, demand is

• elastic.

• perfectly inelastic.

• perfectly elastic.

• unit-elastic.
Source  Download
Economics Today: The Micro View
Edition: 19th
Author:
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wrote...
2 weeks ago

Answer 1

perfectly inelastic.

Answer 2

perfectly inelastic.
wrote...
2 weeks ago
Thank you for answering so quickly
wrote...
2 weeks ago
Was feeling bored, my pleasure Grinning Face with Smiling Eyes
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