Question

When demand is perfectly inelastic, Group of answer choices small changes in price lead to large changes in the quantity demanded. the price elasticity of demand is greater than 1. the demand curve is vertical. the demand curve is horizontal.

Answer 1

the demand curve is vertical

Step-by-step explanation:

In the case when the demand is perfectly inelastic the demand curve would be zero and the elasticity of the demand would be zero also if there is a decrease in the price so the total revenue would be increased

Therefore as per the given situation, in the case when the demand is perfectly inelastic so the demand curve would be vertical