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Price Elasticity of Demand · Question 39 of 62

Match each value of eₚ with its name.

Question 39

MediumOriginal question

Match each value of eₚ with its name.

List IList II
A. eₚ = 0I. Unitary elastic
B. 0 < eₚ < 1II. Perfectly inelastic
C. eₚ = 1III. Perfectly elastic
D. eₚ = ∞IV. Inelastic
Options for question 39

Show the answer and explanation
CorrectNot quiteAnswer D

Correct answer: D

Explanation

  1. 0 is perfectly inelastic; between 0 and 1 is inelastic.

  2. 1 is unitary; infinity is perfectly elastic.

Concept
Degrees of elasticity
Typical time
90 s
Your time
—
The rule this testsDegrees of elasticity
Practise this chapter →

Ten questions from Price Elasticity of Demand, at your own pace.

Practise this chapter →

Ten questions from Price Elasticity of Demand, at your own pace.