A perfectly inelastic demand curve is shown as a
A) horizontal line.
B) vertical line.
C) positively sloped line.
D) negatively sloped line.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve is a vertical line because in this case, the quantity demanded does not change with a change in price. This means that consumers have no choice but to continue buying the same amount of the product even if the price increases.

A Perfectly Inelastic Demand Curve Is Shown as a