If price elasticity of demand is zero,then as the price falls
A)total revenue does not change.
B)quantity demanded does not change.
C)quantity demanded falls to zero.
D)total revenue increases from zero.
E)None of the above occurs.

Question

Quizplus · Accepted Answer

When price elasticity of demand is zero, it means demand is perfectly inelastic, so quantity demanded does not change regardless of price changes.

If Price Elasticity of Demand Is Zero,then as the Price