If consumers would be willing to purchase the same quantity of a good no matter what its price was, the demand curve would
A) be a vertical line, and demand would be perfectly inelastic.
B) be a horizontal line, and the demand would be perfectly elastic.
C) not exist.
D) be identical to the supply curve for the good.

Question

Quizplus · Accepted Answer

If consumers are willing to purchase the same quantity regardless of price, the demand is perfectly inelastic, represented by a vertical demand curve.

If Consumers Would Be Willing to Purchase the Same Quantity