If a friend says,"I am never going to buy another Avicii remix again!" his or her price elasticity of demand for Avicii remixes is
A) perfectly elastic.
B) perfectly inelastic.
C) elastic.
D) inelastic.
E) unitary elastic.

Question

Quizplus · Accepted Answer

The statement indicates that the friend will not buy any Avicii remixes regardless of any price change, suggesting a perfectly inelastic demand where quantity demanded does not change with price.

If a Friend Says,"I Am Never Going to Buy Another