Which of the following gives a vertical demand curve? (2024)

1

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Constant Elasticty Demand Curves

Which of the ...

A

Perfectly elastic demand

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B

Perfectly inelastic demand

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C

Imperfect elastic demand

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D

Imperfect inelastic demand

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Solution

The correct option is B

Perfectly inelastic demand

A perfectly inelastic demand is one in which a change in price causes no change in the quantity demanded. In this case, the demand curve is vertical and the elasticity of demand is zero.


Which of the following gives a vertical demand curve? (1)

Which of the following gives a vertical demand curve? (2)

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Which of the following gives a vertical demand curve? (3)

Which of the following gives a vertical demand curve? (4)

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Which of the following gives a vertical demand curve? (2024)
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