Marvin loves chocolate truffles. As the price of a chocolate truffle increases from $1 to $2 to $3, Marvin continues to buy a dozen chocolate truffles every week. Marvin's demand for chocolate truffles is
A) elastic.
B) unit elastic.
C) illustrated by a horizontal demand curve.
D) perfectly inelastic.

Question

Quizplus · Accepted Answer

Marvin's demand for chocolate truffles is perfectly inelastic because he continues to buy the same quantity (a dozen) regardless of the price increase.

Marvin Loves Chocolate Truffles