Multiple Choice
If demand is perfectly elastic,it follows that
A) as price changes, quantity demanded does not change.
B) as price changes, quantity demanded changes by a larger percentage.
C) as price changes only a small percentage, quantity demanded falls to zero.
D) as income changes only a small percentage, quantity demanded changes by a very large percentage.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
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