Seth is a competitive body builder.He says he has to have his 12-oz package of protein powder to "feed his muscles" every day.On the basis of this information, what can you conclude about his price elasticity of demand for protein powder?
A)It is elastic.
B)It is perfectly elastic.
C)It is perfectly inelastic.
D)The price elasticity coefficient is 1.

Question

Quizplus · Accepted Answer

Seth's statement implies that he is willing to purchase the same 12-oz package of protein powder every day regardless of its price. This indicates a perfectly inelastic demand, where the quantity demanded remains constant regardless of the price.

Seth Is a Competitive Body Builder