If demand is perfectly elastic, then
A) demand and price are inversely related.
B) quantity demanded and price are inversely related.
C) the demand curve is a vertical line.
D) the demand curve is a horizontal line.
Correct Answer:
Verified
Q11: If price elasticity is 3.25, then demand
Q12: Companies spend _ on pricing decisions.
A)too much
Q13: If price is cut and demand is
Q14: If demand is perfectly elastic,
A)the smallest increase
Q15: If price is cut and demand is
Q17: If price is cut and demand is
Q18: If price elasticity is 3.25 then
A)for every
Q19: When demand is unit elastic
A)price and revenue
Q20: When demand is inelastic,
A)price and revenue move
Q21: Products that have inelastic demand have many
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