A demand relationship that is a vertical line up from the quantity axis is
A) perfectly elastic.
B) unit-elastic.
C) perfectly inelastic.
D) somewhat elastic.

Question

Quizplus · Accepted Answer

A perfectly inelastic demand relationship means that the quantity demanded remains constant regardless of price changes. This would be represented by a vertical line up from the quantity axis because no matter what the price is, the quantity demanded remains the same.

A Demand Relationship That Is a Vertical Line Up from the Quantity