A Perfectly Inelastic Demand Curve Indicates That

Multiple Choice

A perfectly inelastic demand curve indicates that

A) a producer can sell as many units as desired at the market price but no units above the market price.
B) for a given percent change in price, the quantity demanded rises by the same percentage.
C) price has no effect on the quantity demanded.
D) the percent change in price is less than the percent change in quantity demanded.