If the quantity demanded is infinitely responsive to any change in price, the demand curve is
A) upward sloping.
B) downward sloping.
C) horizontal.
D) vertical.

Question

Quizplus · Accepted Answer

When the quantity demanded is infinitely responsive to any change in price, it means that consumers are willing to buy any quantity at a specific price, but none at a price even slightly higher or lower. This situation is represented by a horizontal demand curve, indicating perfect elasticity.

If the Quantity Demanded Is Infinitely Responsive to Any Change