Multiple Choice
When demand is perfectly inelastic,the demand curve will be
A) negatively sloped,because buyers decrease their purchases when the price rises.
B) vertical,because buyers purchase the same amount as before whenever the price rises or falls.
C) positively sloped,because buyers increase their purchases when price rises.
D) positively sloped,because buyers increase their total expenditures when price rises.
Correct Answer:
Verified
Correct Answer:
Verified
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