If there were no changes in the quantity of food sold, even when its price falls, we would know that _____________.
A
demand was entirely inelastic
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B
demand was entirely elastic
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C
demand has an elasticity of greater than one
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D
demand was unit elastic
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Solution
The correct option is D demand was entirely inelastic If there is no change in the quantity demanded with any change in price (or any relevant factor), then demand will be perfectly inelastic.