If a change in price causes no response at all in the quantity of the product demanded, then demand for the product is
A) elastic.
B) infinitely elastic.
C) relatively inelastic.
D) perfectly inelastic.
E) unit elastic.

Question

Quizplus · Accepted Answer

If a change in price causes no response in the quantity of the product demanded, then demand for the product is said to be perfectly inelastic. This means that no matter how high or low the price of the product is, the quantity demanded will remain the same.

If a Change in Price Causes No Response at All