If Demand for a Given Good Is Perfectly Elastic, It

Multiple Choice

If demand for a given good is perfectly elastic, it follows that

A) as price changes, quantity demanded does not change.
B) as price changes, quantity demanded changes by a larger percentage.
C) as price changes only a small percentage, quantity demanded falls to zero.
D) as income changes only a small percentage, quantity demanded changes by a very large percentage.
E) none of the above