Points Awarded
10.00
Points Missed
0.00
Percentage
100%
1.If we say a good is “perfectly elastic”, then:
A) The price of the good always changes with number soldB) The price elasticity of demand is positive infinityC) All of the answers listed hereD) The demand curve will have a slope of zeroFeedback: A perfectly elastic good has a horizontal demand curve, which has a slope of zero.
Table for Individual Question Feedback
Points Earned:
1.0/1.0
Correct Answer(s):
D
2.For goods with relatively elastic demand curve:
Table for Individual Question Feedback
Points Earned:
1.0/1.0
Correct Answer(s):
A
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