{"id":1015,"date":"2017-10-20T09:50:18","date_gmt":"2017-10-20T03:50:18","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/if-demand-is-perfectly-inelastic-then\/"},"modified":"2017-10-20T09:50:18","modified_gmt":"2017-10-20T03:50:18","slug":"if-demand-is-perfectly-inelastic-then","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/if-demand-is-perfectly-inelastic-then\/","title":{"rendered":"If demand is perfectly inelastic, then"},"content":{"rendered":"","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-1015","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"If demand is perfectly inelastic, then\u00a0The demand curve is vertical.","mcq_options":[{"right":"no","answer":"The own price elasticity of demand is infinite in absolute value"},{"right":"no","answer":"A small increase in price will lead to a situation where none of the good is purchased"},{"right":"yes","answer":"The demand curve is vertical"},{"right":"no","answer":". Neither will the demand curve be vertical, the own-price elasticity of demand be infinite in absolute value nor a small price increase lead to none of the good being purchased"}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1015"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1015"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1015"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}