Figure 6-5
-A demand curve is described as perfectly inelastic if
A)the same quantity is purchased regardless of price.
B)the same price is charged regardless of quantity sold.
C)neither price nor quantity demanded ever change.
D)only quantity demanded can change.

Question

Figure 6-5 
-A demand curve is described as perfectly inelastic if
A)the same quantity is purchased regardless of price. 
B)the same price is charged regardless of quantity sold. 
C)neither price nor quantity demanded ever change. 
D)only quantity demanded can change.

Quizplus · Accepted Answer

A demand curve is described as perfectly inelastic if the same quantity is purchased regardless of price. This means that there is no change in quantity demanded even if there is a change in the price of the product.

Figure 6-5 -A Demand Curve Is Described as Perfectly Inelastic If