When the price of fresh fish increases 10%, quantity demanded is unchanged. The price elasticity of demand for fresh fish is
A) perfectly inelastic.
B) elastic.
C) inelastic.
D) unitary elastic.

Question

Quizplus · Accepted Answer

The price elasticity of demand measures how much the quantity demanded of a good responds to a change in its price. If the quantity demanded remains unchanged despite a price increase, it means consumers' demand does not respond to price changes, indicating perfectly inelastic demand.

When the Price of Fresh Fish Increases 10%, Quantity Demanded