If the demand for a life-saving drug was perfectly inelastic and the price doubled, the quantity demanded would
A)also double.
B)decrease by 50%.
C)be cut in half.
D)remain constant.

Question

Quizplus · Accepted Answer

When the demand is perfectly inelastic, the quantity demanded remains constant regardless of any change in price. Therefore, even if the price of the life-saving drug doubled, the quantity demanded would remain the same.

If the Demand for a Life-Saving Drug Was Perfectly Inelastic