A perfectly inelastic demand would imply what kind of demand curve?
A) horizontal
B) vertical
C) upward sloping
D) downward sloping

Name: A perfectly inelastic demand would imply what kind of demand curve? A) horizontal B) vertical C) upward sloping D) downward sloping
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Question

Quizplus · Accepted Answer

A perfectly inelastic demand means that the quantity demanded does not change at all in response to changes in price. This would result in a vertical demand curve where the price is constant and the quantity demanded remains the same.

A Perfectly Inelastic Demand Would Imply What Kind of Demand