Alice says that she likes banana splits, but if the price changed, she would not buy them anymore. If this is the case:
A) Alice's demand for banana splits is perfectly inelastic
B) Alice's price elasticity of demand for banana splits is one
C) Alice's income elasticity of demand for banana splits is negative
D) Alice's demand for banana splits is perfectly elastic

Question

Quizplus · Accepted Answer

The Answer of Alice says that she likes banana splits, but if the price changed, she would not buy them anymore. If this is the case:
A) Alice's demand for banana splits is perfectly inelastic
B) Alice's price elasticity of demand for banana splits is one
C) Alice's income elasticity of demand for banana splits is negative
D) Alice's demand for banana splits is perfectly elastic

Alice Says That She Likes Banana Splits, but If the Price