menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Microeconomics Study Set 4
  4. Exam
    Exam 5: Elasticity: a Measure of Response
  5. Question
    A Demand Curve That Is Perfectly Inelastic
Solved

A Demand Curve That Is Perfectly Inelastic

Question 30

Question 30

Multiple Choice

A demand curve that is perfectly inelastic:


A) will be vertical.
B) will be horizontal.
C) will be upward sloping.
D) has an elasticity equal to 1 everywhere on the curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q25: Draw a demand curve that is perfectly

Q26: Use the following to answer question(s): Demand

Q27: The income elasticity of demand for eggs

Q28: If your purchases of shoes increase from

Q29: Use the following to answer question(s): Demand

Q32: Assuming the law of demand holds for

Q33: The percentage change in quantity demanded of

Q34: If the percentage change in quantity demanded

Q35: If a demand curve is unit price

Q158: If the price of chocolate-covered peanuts increases

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines