A perfectly inelastic demand curve is _____
A)a vertical straight line.
B)a horizontal straight line.
C)a downward-sloping straight line.
D)an upward-sloping straight line.
E)a u-shaped curve.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve means that the quantity demanded does not change regardless of changes in price. This can be represented by a vertical straight line on a graph, where the quantity demanded remains the same regardless of how much the price changes.

A Perfectly Inelastic Demand Curve Is _____