If there is no response in quantity demanded to a change in price, demand is
A) perfectly inelastic.
B) perfectly elastic.
C) elastic.
D) unit-elastic.

Question

Quizplus · Accepted Answer

If there is no response in quantity demanded to a change in price, it means that the demand is completely unresponsive to price changes. In such a situation, the demand curve is vertical, indicating that any change in price will not affect the quantity demanded. This is known as perfectly inelastic demand.

If There Is No Response in Quantity Demanded to a Change