If the demand is perfectly inelastic,what would happen to the quantity demanded if there is a tiny increase in price?
A) quantity demanded will increase proportionately
B) quantity demanded will fall to zero
C) quantity demanded will decrease proportionately
D) quantity demanded will remain the same

Question

Quizplus · Accepted Answer

If the demand is perfectly inelastic, it means that consumers are willing to pay the same price regardless of quantity. Therefore, a tiny increase in the price would not affect the quantity demanded. The quantity demanded will remain the same.

If the Demand Is Perfectly Inelastic,what Would Happen to the Quantity