A perfectly inelastic demand curve has an elasticity coefficient of:
A) 0.
B) 1.
C) less than 1.
D) infinity.

Name: A perfectly inelastic demand curve has an elasticity coefficient of: A) 0. B) 1. C) less than 1. D) infinity.
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Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve means that no matter what the price is, quantity demanded will always be the same. In other words, the percentage change in quantity demanded is zero when there is a change in price. Therefore, the elasticity coefficient is equal to zero.

A Perfectly Inelastic Demand Curve Has an Elasticity Coefficient Of