Asked by Trinhh Ph??ngg on May 16, 2024
Verified
(Figure: Demand Curves) Use Figure: Demand Curves.Which graph shows a perfectly inelastic demand curve?
A) A
B) B
C) C
D) D
Perfectly Inelastic Demand
The case in which the quantity demanded does not respond at all to changes in the price; the demand curve is a vertical line.
Demand Curves
A graph representing the relationship between the price of a good and the quantity of that good buyers are willing to purchase at various prices.
- Understand the concept and graphical representation of price elasticity of demand.
- Distinguish between different types of price elasticity (elastic, inelastic, unit elastic, perfectly elastic, and perfectly inelastic).
Verified Answer
YS
yadhukrishnan sivanMay 21, 2024
Final Answer :
C
Explanation :
A perfectly inelastic demand curve is vertical, indicating that quantity demanded does not change as price changes. Graph C shows this characteristic.
Learning Objectives
- Understand the concept and graphical representation of price elasticity of demand.
- Distinguish between different types of price elasticity (elastic, inelastic, unit elastic, perfectly elastic, and perfectly inelastic).