If, as the price of a commodity rises, the quantity demanded of the commodi...
Question
If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is?
Options
A) static
B) infinitely elastic
C) externally determined
D) perfectly inelastic
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Discussion
Studies show that we remember only 10 - 50% of what we learn passively (e.g. by watching others do it, reading or listening) two weeks later, whereas, we remember 70 - 90% of what we learn actively (e.g. by actually doing it ourselves, speaking or writing about it). This means that posting a comment, contribution, explanation or reply here is a great way to evaluate what you know and practice active recall. This will help you learn actively and retain more. Always remember to be civil and polite. Note also that you earn XP points when you make contributions to help others learn.
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