Multiple Choice
When the demand for a product is said to be perfectly inelastic, it implies that:
A) the sales of the product are very sensitive to changes in price.
B) the demand curve for the product is relatively flat.
C) the profit per-unit increases with an increase in price.
D) with a change in price, change in quantity demanded is zero.
E) as price increases, the quantity demanded increases.
Correct Answer:

Verified
Correct Answer:
Verified
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