menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 19: Demand and Supply Elasticity
  5. Question
    When Demand Is Perfectly Inelastic, the Demand Curve Is
Solved

When Demand Is Perfectly Inelastic, the Demand Curve Is

Question 253

Question 253

Multiple Choice

When demand is perfectly inelastic, the demand curve is


A) horizontal.
B) vertical.
C) upward sloping.
D) downward sloping.

Correct Answer:

verifed

Verified

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

Related Questions

Q201: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q248: When demand is inelastic<br>A) quantity demanded is

Q249: If the market price of a product

Q250: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q251: Which of the following is NOT characteristic

Q252: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above

Q254: If the absolute price elasticity of demand

Q255: A perfectly horizontal demand curve has<br>A) zero

Q256: If the price of good A increases

Q257: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

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