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Please Match the Meaning to the Classification

Question 69

Matching

Please match the meaning to the classification

Premises:
Price elasticity of demand between 0 and -1
Price elasticity of demand equal to -1
Price elasticity of demand equal to - ∞
Price elasticity of demand equal to 0
Price elasticity of demand between -1 and - ∞
Responses:
Perfectly inelastic demand
Perfectly elastic demand
Inelastic demand
Unitary elastic demand
Elastic demand

Correct Answer:

Price elasticity of demand between 0 and -1
Price elasticity of demand equal to -1
Price elasticity of demand equal to - ∞
Price elasticity of demand equal to 0
Price elasticity of demand between -1 and - ∞
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