A perfectly inelastic demand implies that buyers:
A)enjoy paying more for the good
B)increase their quantity demanded of the good when the price rises
C)will continue to buy the good no matter how big the change in price
D)purchase none of the good when the price rises

Question

Quizplus · Accepted Answer

The Answer of A perfectly inelastic demand implies that buyers:
A)enjoy paying more for the good
B)increase their quantity demanded of the good when the price rises
C)will continue to buy the good no matter how big the change in price
D)purchase none of the good when the price rises

A Perfectly Inelastic Demand Implies That Buyers