If demand is perfectly elastic,it follows that
A) as price changes, quantity demanded does not change.
B) as price changes, quantity demanded changes by a larger percentage.
C) as price changes only a small percentage, quantity demanded falls to zero.
D) as income changes only a small percentage, quantity demanded changes by a very large percentage.
E) none of the above

Question

Quizplus · Accepted Answer

In a perfectly elastic demand scenario, any small change in price results in the quantity demanded dropping to zero, indicating infinite sensitivity to price changes.

If Demand Is Perfectly Elastic,it Follows That