When demand is perfectly inelastic,the demand curve will be
A)negatively sloped,because buyers decrease their purchases when the price rises.
B)vertical,because buyers purchase the same amount as before whenever the price rises or falls.
C)positively sloped,because buyers increase their purchases when price rises.
D)positively sloped,because buyers increase their total expenditures when price rises.

Question

Quizplus · Accepted Answer

When demand is perfectly inelastic, the quantity demanded remains constant regardless of changes in price. Therefore, the demand curve is a straight vertical line, indicating that buyers will purchase the same amount regardless of the price.

When Demand Is Perfectly Inelastic,the Demand Curve Will Be