Multiple Choice
Perfectly inelastic demand means that consumers
A) are willing to buy any quantity of the good at a given price, but none at higher prices.
B) decrease their consumption as price rises.
C) increase their consumption as price rises.
D) will buy a certain quantity, regardless of price.
E) will buy a huge, almost infinite amount more, if the price falls just a little.
Correct Answer:

Verified
Correct Answer:
Verified
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