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Author Question: Any change in price along a perfectly inelastic demand curve produces: a. greater change in the ... (Read 62 times)

littleanan

  • Hero Member
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  • Posts: 575
on: Jun 30, 2018
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.

Question 2

Suppose there is no change in total revenue when the price changes. The demand curve for this good is:
 a. perfectly elastic.
  b. perfectly inelastic.
  c. elastic.
  d. inelastic.
  e. unitary elastic.


jrpg123456

  • Sr. Member
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  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

e


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