Any change in price along a perfectly inelastic demand curve produces:
a. greater change in the quantity demanded.
b. less change in the quantity demanded.
c. no change in the quantity demanded.
d. infinite change in the quantity demanded.
c
You might also like to view...
Optimization in differences analyzes:
A) the total net benefits of the alternative that looks the most attractive. B) the change in the net benefits resulting from a shift from one alternative to another. C) only the costs of an alternative and not the benefits. D) the total net benefits of different alternatives.
What crucial role do financial intermediaries perform in an economy?
What will be an ideal response?
Public elementary and high school education in the United States is provided
A) as a free good. B) as a subsidized good. C) at the market clearing price. D) in an amount less than the equilibrium quantity.
During the 1930s,
a. ordinary citizens were not allowed to hold gold. b. the US government fixed the price at which the Treasury would by and sell gold. c. production of gold soared. d. All of the above are correct. e. Only a and b are correct.