An extreme case where either the quantity demanded (Qd) or supplied (Qs) changes by an infinite amount in response to any change in price is called:
a. perfect elasticity.
b. imperfect elasticity.
c. strong elasticity.
d. weak elasticity.
a. perfect elasticity.
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Indicate whether the statement is true or false
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What will be an ideal response?
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What will be an ideal response?
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