-In Figure 3.1, if demand is considered perfectly inelastic, then the appropriate figure is?
A)Figure 1
B)Figure 2
C)Figure 3
D)Figure 4

Name: -In Figure 3.1, if demand is considered perfectly inelastic, then the appropriate figure is? A)Figure 1 B)Figure 2 C)Figure 3 D)Figure 4
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

-In Figure 3.1, if demand is considered perfectly inelastic, then the appropriate figure is? 
A)Figure 1 
B)Figure 2 
C)Figure 3 
D)Figure 4

Quizplus · Accepted Answer

Perfectly inelastic demand is represented by a vertical demand curve, indicating that the quantity demanded does not change regardless of the price. Figure 2 would depict this scenario.