If the price elasticity of demand for insulin is equal to zero then the demand curve for insulin is
A)horizontal.
B)downward sloping.
C)curvilinear.
D)vertical.

Question

Quizplus · Accepted Answer

If the price elasticity of demand for insulin is equal to zero, then it means that the quantity demanded for insulin will not change at all regardless of changes in its price. In other words, the demand for insulin is completely inelastic. This would result in a vertical demand curve because the quantity demanded would remain constant regardless of the price.

If the Price Elasticity of Demand for Insulin Is Equal