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Describe a perfectly inelastic demand curve.

a. Flat from left to right at a given quantity
b. Flat from left to right at a given price
c. Vertical at a given quantity - like a capital "I"
d.Following a perfect 45-degree upward slope from left to right where a one-unit increase in price = a one-unit increase in quantity demanded

1 Answer

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Final answer:

A perfectly inelastic demand curve is depicted as a vertical line on a graph, indicating that the quantity demanded is constant, regardless of price changes. It represents a situation of zero elasticity in which consumers' demand for a product is not affected by price adjustments.

Step-by-step explanation:

A perfectly inelastic demand curve is represented by a vertical line at a given quantity, which means that the quantity demanded doesn't change regardless of the price level. This is described as a zero elasticity situation where the demand for a product is completely unresponsive to price changes. In other words, consumers will buy the same amount of a good or service no matter how much the price fluctuates.

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