× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
Alek Hsiang Alek Hsiang
wrote...
Posts: 383
Rep: 1 0
5 years 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.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 57 times
2 Replies

Related Topics

Replies
wrote...
5 years ago

Answer 1

perfectly inelastic.

Answer 2

perfectly inelastic.
Alek H. Author
wrote...
5 years ago
Thank you for answering so quickly
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1031 People Browsing
Related Images
  
 289
  
 2505
  
 424