Suppose that David buys the same number of energy drinks every weekend no matter what happens to the price of the energy drinks. What does this suggest about davids demand for energy drinks?
Ans: It is perfectly inelastic
Economics
You might also like to view...
Monetarists and Keynesians agree that expectations are
a. backwards-looking. b. rational. c. unstable. d. forwards-looking.
Economics
All these factors affect a country's exchange rates, except
a. Inflation b. Interest rates c. Employment d. Price levels
Economics
Human capital includes the machinery, equipment, and other manufactured creations used to produce goods and services
a. True b. False Indicate whether the statement is true or false
Economics
Deflation refers to a:
a. decreasing relative prices. b. decreasing price level. c. slowing down of the rate of inflation. d. federal government policy of running budget surpluses.
Economics