If demand is perfectly inelastic,then:
A)the elasticity of demand is 1.
B)the elasticity of demand is -1.
C)the demand curve will be nonexistent.
D)the demand curve will be a horizontal line.
E)quantity demanded does not change when price changes.

Question

Quizplus · Accepted Answer

When demand is perfectly inelastic, quantity demanded remains constant regardless of price changes, meaning elasticity is zero.

If Demand Is Perfectly Inelastic,then