A demand curve that is perfectly inelastic is:
A)horizontal.
B)vertical.
C)downward sloping.
D)upward sloping.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve means that the quantity demanded remains the same regardless of the price. This creates a vertical demand curve, where changes in price do not affect the quantity demanded, resulting in a demand curve that is perfectly perpendicular to the X-axis.

A Demand Curve That Is Perfectly Inelastic Is