Question 36(1 point)

If the demand curve for a certain good is perfectly inelastic, what will be the effect on an increase in price on the quantity demanded?

Question 36 options:

a	Increase the quantity demanded
b	Decrease the quantity demanded
c	Cannot be determined from the information given
d	Leave the quantity demanded unchanged

Question 38(1 point)

Market for Lattes $4.50 $4.00 $3.50 L $3.00 $2.50 Price (per latte) $2.00 L $1.50 $1.00 --+ F D $0.50 $0.00 O 200 400 600 800 1000 1200 1400 1600 1800 Quantity of Lattes (cups)