asked 158k views
2 votes
A vertical demand curve: a. is unit elastic. b. is perfectly elastic. c. is perfectly inelastic. d. has elastic and inelastic portions.

asked
User Tyniqua
by
8.3k points

1 Answer

3 votes
A vertical demand curve:

c. is perfectly inelastic.

Explanation: A perfectly inelastic demand curve is vertical, indicating that there is no change in quantity demanded regardless of changes in price. In other words, the quantity demanded remains constant regardless of price fluctuations. This indicates that the demand is completely unresponsive to changes in price, resulting in a perfectly inelastic demand curve.
answered
User Jordan Duncan
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.