If the price of a good increases from $3 to $4, and the quantity demand remains unchanged, then the demand is
A) perfectly inelastic.
B) perfectly elastic.
C) somewhat elastic.
D) infinite.

Name: If the price of a good increases from $3 to $4, and the quantity demand remains unchanged, then the demand is A) perfectly inelastic. B) perfectly elastic. C) somewhat elastic. D) infinite.
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Question

Quizplus · Accepted Answer

The demand is perfectly inelastic because the quantity demanded does not change despite a change in price.

If the Price of a Good Increases from $3 to $4