Perfectly Inelastic Demand Means That Consumers

question 8

Multiple Choice

Perfectly inelastic demand means that consumers

• A) will buy a certain quantity, regardless of price.
• B) decrease their consumption as price rises.
• C) will buy a huge, almost infinite amount more, if the price falls just a little.
• D) increase their consumption as price rises.
• E) are willing to buy any quantity of the good at a given price, but none at higher prices.

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