If the price changes for a good for which the demand is perfectly inelastic, the response will be infinitely large.

Name: If the price changes for a good for which the demand is perfectly inelastic, the response will be infinitely large.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

If the demand for a good is perfectly inelastic, it means that consumers are not responsive to changes in price. Therefore, even if there is a change in price, the quantity demanded will remain the same. The response is not infinitely large, but rather zero.

If the Price Changes for a Good for Which the Demand