A perfectly inelastic demand schedule
A)rises upward and to the right but has a constant slope.
B)can be represented by a line parallel to the vertical axis.
C)cannot be shown on a two-dimensional graph.
D)can be represented by a line parallel to the horizontal axis.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand schedule is represented by a vertical line, indicating that the quantity demanded does not change regardless of the price. This means the demand is perfectly inelastic when the line is parallel to the vertical axis.

A Perfectly Inelastic Demand Schedule