If consumers completely cease purchasing a product when its price increases by any amount, then demand is:
A) inelastic.
B) perfectly inelastic.
C) unit elastic.
D) perfectly elastic.
Correct Answer:
Verified
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A)whenever
Q70: Refer to the accompanying figure. When P
Q71: The accompanying graph depicts demand.
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Q74: Refer to the accompanying figure. For demand
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Q77: The accompanying graph depicts demand.
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