Where is demand perfectly price inelastic at price

For Pixie's cheesy fried grits demand is perfectly price inelastic at a price of: (w) P4. (x) P2. (y) 0. (z) None of the above. Please choose the right answer from above...I want your suggestion for the same.

#### Related Questions in Microeconomics

• ##### Q :Help For a monopsonist in the labor

For a monopsonist in the labor market, the marginal resource cost of labor is:

• ##### Q :GDP In calculating the GDP national

In calculating the GDP national income accountants

• ##### Q :Marginal Benefits The marginal

The marginal advantage/profit to you of a usual activity in which you engage tends to: (i) Raise as long as you enjoy the activity. (ii) Eventually reduce as you do more of activity. (iii) Stabilize when the market price of doing the activity stay constant. (iv) Impro

• ##### Q :Determine short-run supply of an

The Christmas tree industry’s short-run supply is demonstrated as: (1) curve A. (2) curve B. (3) curve E. (4) curve F. (5) curve G.

[Image_Link]http://secure.tutorsglobe.com/CMSImages/2434_supply%20and%20demand1

• ##### Q :Firms sanctioned by state laws I have a

I have a problem in economics on Firms sanctioned by state laws. Please help me in the following question. The Firms sanctioned by state laws and considered lawful entities separate and dissimilar from their owners are: (1) Proprietorships. (2) Corpor

• ##### Q :Percentage change in quantity demanded

The percentage change within quantity demanded along this demonstrated linear demand curve is: (w) greater than the percentage change within price in range b. (x) smaller than the percentage change within price in range a. (y) precise

• ##### Q :Monopolistically competition A

A monopolistically competitive firm: (w) confronts a perfectly elastic demand curve. (x) is a price taker. (y) faces stiff competition from many competitors producing close substitutes for its product. (z) consciously considers potential responses by

• ##### Q :Use of Loren Curve A Lorenz curve can

A Lorenz curve can be utilized to demonstrate the: (w) functional distribution of income. (x) income necessary to maintain specified living standards. (y) demand for low wage labor. (z) cumulative percentage of income received by cumulative percentage

• ##### Q :Why production possibility curve is

Why production possibility curve is concave?

Answer: This is due to increasing the marginal opportunity cost.

• ##### Q :Demand curves of monopolistic

Monopolistic competitive firms face: (w) perfectly elastic demand curves. (x) perfectly inelastic demand curves. (y) downward sloping demand curves. (z) the industry demand curves.

Hello guys I want your advice. Pl