The list below refers to the price elasticity of demand.
1)perfectly inelastic
2)perfectly elastic
3)unitary elasticity
4)elastic
5)inelastic
-Refer to the information above to answer this question.What is demand when a firm can sell a constant amount at either a higher or a lower price?
A)1.
B)2.
C)3.
D)4.
E)5.

Question

Quizplus · Accepted Answer

When demand is perfectly inelastic, the quantity demanded remains constant regardless of changes in price. Therefore, a firm can sell a constant amount at either a higher or lower price, indicating a perfectly inelastic demand.

The List Below Refers to the Price Elasticity of Demand