A perfectly inelastic demand curve will be:
A)vertical
B)horizontal
C)downward sloping to the right
D)have an infinite elasticity

Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve means that there is no change in quantity demanded in response to a change in price. Therefore, the demand curve is completely vertical, showing that the quantity demanded remains constant regardless of the price change. This means that the elasticity of demand is zero, indicating a perfectly inelastic demand curve.

A Perfectly Inelastic Demand Curve Will Be