If the Demand for a Good Is Perfectly Inelastic, Then: A)the

Question 24
Multiple Choice

If the demand for a good is perfectly inelastic, then: A)the value of price elasticity of demand of the good is equal to 1. B)the value of price elasticity of demand of the good is equal to -1. C)the demand curve of the good is nonexistent. D)consumers are very responsive to a change in the price of the good. E)quantity demanded does not change when price of the good changes.