Asked by Gabrielle Richard on May 08, 2024

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The price elasticity of demand for heart transplants is perfectly inelastic. Thus, the price elasticity demand for heart transplants is

A) 1.0.
B) 0.0.
C) -1.0.
D) -100.0.

Perfectly Inelastic

A situation where the demand for a product does not change in response to changes in price, illustrated by a vertical demand curve.

Heart Transplants

A medical procedure involving the replacement of a patient's diseased heart with a healthy heart from a donor.

Price Elasticity

A measure of the sensitivity of the quantity demanded or quantity supplied of a good to a change in its price.

  • Acquire knowledge about the concept and effects of perfectly inelastic and perfectly elastic demand.
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AS
Angie StefaniMay 12, 2024
Final Answer :
B
Explanation :
When demand is perfectly inelastic, the price elasticity of demand is 0.0, indicating that quantity demanded does not change regardless of price changes.