Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is _______.
A) elastic
B) illustrated by a horizontal demand curve
C) unit elastic
D) perfectly inelastic

Question

Quizplus · Accepted Answer

Marvin's quantity demanded for chocolate truffles does not change despite the increase in price, indicating his demand is perfectly inelastic.

Marvin Loves Chocolate Truffles