(A) Horizontal line
(B) Vertical line
(C) Flatter line
(D) None of these
Answer: (B) Vertical line
Perfectly inelastic demand indicates a price elasticity of zero at every point of the curve.
(A) Horizontal line
(B) Vertical line
(C) Flatter line
(D) None of these
Answer: (B) Vertical line
Perfectly inelastic demand indicates a price elasticity of zero at every point of the curve.