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    Principles of Macroeconomics Study Set 8
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    Exam 5: Elasticity and Its Applications: The Elasticity of Demand
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    When Demand Is Perfectly Inelastic,the Price Elasticity of Demand
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When Demand Is Perfectly Inelastic,the Price Elasticity of Demand

Question 17

Question 17

Multiple Choice

When demand is perfectly inelastic,the price elasticity of demand


A) is zero,and the demand curve is vertical.
B) is zero,and the demand curve is horizontal.
C) approaches infinity,and the demand curve is vertical.
D) approaches infinity,and the demand curve is horizontal.

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