Figure 5-3

-Refer to Figure 5-3.Mark says he would buy one Mt.Dew per day regardless of the price.If this is true,then Mark's demand for Mt.Dew is represented by demand curve
A) A.
B) B.
C) C.
D) D.

Question

Figure 5-3
 
-Refer to Figure 5-3.Mark says he would buy one Mt.Dew per day regardless of the price.If this is true,then Mark's demand for Mt.Dew is represented by demand curve
A) A. 
B) B. 
C) C. 
D) D.

Quizplus · Accepted Answer

If Mark's demand for Mt.Dew is not affected by price, then his demand is perfectly inelastic. Perfectly inelastic demand is represented by a vertical line on the graph, which is curve A in Figure 5-3.

Figure 5-3 -Refer to Figure 5-3.Mark Says He Would Buy One Mt.Dew