If quantity demanded is completely unresponsive to changes in price,demand is
A) inelastic.
B) unit elastic.
C) elastic.
D) perfectly elastic.
E) perfectly inelastic.

Question

Quizplus · Accepted Answer

When quantity demanded is completely unresponsive to changes in price, demand is said to be perfectly inelastic. This means that no matter how much the price changes, the quantity demanded remains constant. This typically occurs when the good is a necessity (such as medicine) with no readily available substitutes.

If Quantity Demanded Is Completely Unresponsive to Changes in Price,demand