A perfectly inelastic demand implies that buyers
A)decrease their purchases when the price rises.
B)purchase the same amount as before when the price rises or falls.
C)increase their purchases only slightly when the price falls.
D)respond substantially to an increase in price.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand means that the quantity demanded does not change regardless of changes in price.

A Perfectly Inelastic Demand Implies That Buyers