A perfectly inelastic demand curve:
A)rises upward and to the right but has a constant slope
B)can be drawn as a line parallel to the vertical axis
C)cannot be shown on a two-dimensional graph
D)can be represented by a line parallel to the horizontal axis

Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve means that the quantity demanded does not vary with changes in price. This can be illustrated on a graph by drawing a vertical line parallel to the y-axis, indicating that no matter what the price is, the quantity demanded remains the same.

A Perfectly Inelastic Demand Curve