Question 3

Which of the following best describes a perfectly inelastic demand function?

  • A.The quantity demanded is insensitive to changes in price
  • B.price is insensitive to change in quantity demanded
  • C.price and quantity demanded changes by some percentage
  • D.the demand function is horizontal
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2009/2010
Question no.
#3
Type
Objective

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