Each month Jessica buys exactly 15 Big Macs regardless of the price.Jessica's price elasticity of demand for Big Macs is:
A)0.
B)1.
C)greater than 1.
D)less than 1 but greater than 0.

Question

Quizplus · Accepted Answer

If Jessica buys the same amount of Big Macs each month regardless of the price, her demand is perfectly inelastic (no matter how much the price changes, she will still buy 15). This means her price elasticity of demand is 0.

Each Month Jessica Buys Exactly 15 Big Macs Regardless of the Price.Jessica's