If the price elasticity of demand is zero,then demand is
A)elastic.
B)inelastic.
C)perfectly inelastic.
D)perfectly elastic.
E)unit elastic.

Name: If the price elasticity of demand is zero,then demand is A)elastic. B)inelastic. C)perfectly inelastic. D)perfectly elastic. E)unit elastic.
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Question

Quizplus · Accepted Answer

If the price elasticity of demand is zero, this indicates that there is no change in quantity demanded in response to a change in price. This is known as perfectly inelastic demand.

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