If the price elasticity of demand for a good is zero, then demand is
A)perfectly elastic.
B)perfectly inelastic.
C)unit elastic.
D)inelastic.
E)none of the above

Question

Quizplus · Accepted Answer

When the price elasticity of demand for a good is zero, it means that the quantity demanded does not change at all in response to a change in price. This situation is described as perfectly inelastic demand.

If the Price Elasticity of Demand for a Good Is