Perfectly inelastic demand has an elasticity value of 1.

« previous next »

Author Question: Perfectly inelastic demand has an elasticity value of 1. (Read 10 times)

NClaborn

Hero Member
Posts: 560

on: Apr 19, 2019

Perfectly inelastic demand has an elasticity value of 1.

◦ true
◦ false

Principles of Economics ¦ Case, Fair, Oster ¦ 12^th Edition

Buy Test-Bank

yasmin

Sr. Member
Posts: 319

Reply #1 on: Apr 19, 2019

false

Need homework help now?

Ask unlimited questions for free

Ask a Question

« previous next »

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.