If the quantity demanded of a product is the same for each possible price, demand is
A) unit-elastic.
B) elastic.
C) perfectly elastic.
D) perfectly inelastic.

Question

Quizplus · Accepted Answer

When the quantity demanded of a product remains the same regardless of the price, the demand is described as perfectly inelastic. This means consumers' purchase quantity does not change in response to price changes.

If the Quantity Demanded of a Product Is the Same