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QUESTION
35. In which of these instances is demand said to be perfectly inelastic?
35. In which of these instances is demand said to be perfectly inelastic? A. An increase in price of 2% causes a decrease in quantity demanded of 2%. B. A decrease in price of 2% causes an increase in quantity demanded of 0%. C. A decrease in price of 2% causes a decrease in total revenue of 0%. D. The demand curve is horizontal.
