A perfectly inelastic demand is one in which the:
A) demand curve is perfectly vertical.
B) demand curve is perfectly horizontal.
C) measured elasticity is exactly 1.
D) response to a change in price is immediate.

Question

Quizplus · Accepted Answer

In a perfectly inelastic demand, the quantity demanded does not change in response to a change in price. This means that the demand curve is perfectly vertical, as the quantity demanded remains the same regardless of the price.

A Perfectly Inelastic Demand Is One in Which The