When the demand for a product does not fluctuate when there is a change in price, the good is ________.   Question 25 options:   a)  perfectly inelastic   b)  perfectly elastic   c)  unitarian   d)  elastic   Is it A? I also think it could be C... I'm confused.

Microeconomics
13th Edition
ISBN:9781337617406
Author:Roger A. Arnold
Publisher:Roger A. Arnold
Chapter6: Elasticity
Section: Chapter Questions
Problem 1QP
icon
Related questions
Question
When the demand for a product does not fluctuate when there is a change in price, the good is ________.
 

Question 25 options:

 

a) 

perfectly inelastic
 

b) 

perfectly elastic
 

c) 

unitarian
 

d) 

elastic

 

Is it A? I also think it could be C... I'm confused.

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Recommended textbooks for you
Microeconomics
Microeconomics
Economics
ISBN:
9781337617406
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning