(Figure: Demand Curves) The figure shows four different demand curves for four different products: A, B, C and D. Which of the products has a perfectly inelastic demand curve?

A)product A
B)product B
C)product C
D)product D

Question

(Figure: Demand Curves) The figure shows four different demand curves for four different products: A, B, C and D. Which of the products has a perfectly inelastic demand curve?

A)product A 
B)product B 
C)product C 
D)product D

Quizplus · Accepted Answer

Product A has a vertical demand curve indicating a perfectly inelastic demand, meaning that the quantity demanded remains constant regardless of the price.

(Figure: Demand Curves) the Figure Shows Four Different Demand Curves