If consumers demand the same quantity of a good regardless of the price, the demand for that good is:
A) perfectly elastic.
B) unit elastic.
C) perfectly inelastic.
D) elastic.

Name: If consumers demand the same quantity of a good regardless of the price, the demand for that good is: A) perfectly elastic. B) unit elastic. C) perfectly inelastic. D) elastic.
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Question

Quizplus · Accepted Answer

Perfectly inelastic demand means that consumers' quantity demanded does not change in response to a change in price.

If Consumers Demand the Same Quantity of a Good Regardless