A perfectly inelastic demand means:
A) consumers will change the quantity they purchase when price changes.
B) demand will drop to zero if the price increases by any amount.
C) consumers will not change the quantity they purchase when price changes.
D) the demand curve is perfectly horizontal.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand means that the quantity demanded remains the same regardless of changes in price. In other words, consumers will not change the quantity they purchase when price changes.

A Perfectly Inelastic Demand Means