If Demand Is Perfectly Inelastic

Multiple Choice

If demand is perfectly inelastic,

A) then a 1% increase in price leads to a fall in quantity of greater than 1%.
B) then a 1% increase in price leads to a fall in quantity of less than 1%.
C) then a 1% increase in prices then quantity demanded falls to zero.
D) then a 1% increase in price has no effect on quantity demanded.