In the case of perfectly inelastic demand, the demand curve is
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.

Name: In the case of perfectly inelastic demand, the demand curve is A) upward sloping. B) downward sloping. C) vertical. D) horizontal.
Brand: Quizplus
Rating: 4.9 (29 reviews)

Question

Quizplus · Accepted Answer

In the case of perfectly inelastic demand, the quantity demanded does not change in response to a change in price. Therefore, the demand curve is vertical because the price can vary, but the quantity demanded remains the same.

In the Case of Perfectly Inelastic Demand, the Demand Curve