The shape of a perfectly inelastic demand curve is
A)horizontal,Ed = ∞.
B)horizontal,Ed = 0.
C)horizontal,Ed = -1.
D)vertical,Ed = 0.

Name: The shape of a perfectly inelastic demand curve is A)horizontal,Ed = ∞. B)horizontal,Ed = 0. C)horizontal,Ed = -1. D)vertical,Ed = 0.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

A perfectly inelastic demand curve is vertical, indicating that the quantity demanded does not change regardless of the price. This is represented by an elasticity of demand (Ed) equal to 0.

The Shape of a Perfectly Inelastic Demand Curve Is