A perfectly inelastic demand curve has a price elasticity
A)equal to zero.
B)that varies.
C)equal to 1.
D)less than 1.
E)of infinity.

Name: A perfectly inelastic demand curve has a price elasticity A)equal to zero. B)that varies. C)equal to 1. D)less than 1. E)of infinity.
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Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve means that the quantity demanded does not change in response to any changes in price, which indicates that the price elasticity of demand is equal to zero.

A Perfectly Inelastic Demand Curve Has a Price Elasticity