Perfectly inelastic demand has an elasticity value of 1.

« previous next »

Author Question: Perfectly inelastic demand has an elasticity value of 1. (Read 12 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?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

There are over 65,000 known species of protozoa. About 10,000 species are parasitic.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.