If a small change in price leads to infinitely large change in quantity demanded, then the demand is:
A)perfectly elastic
B)perfectly inelastic
C)elastic
D)inelastic

Question

Quizplus · Accepted Answer

When a small change in price leads to an infinitely large change in quantity demanded, the demand is described as perfectly elastic. This means consumers are extremely sensitive to price changes.

If a Small Change in Price Leads to Infinitely Large