What Is the Slope of a Perfectly Inelastic Demand Curve,and

question 35

Multiple Choice

What is the slope of a perfectly inelastic demand curve,and why

• A)negatively sloped, because buyers decrease their purchases when the price rises
• B)vertical, because buyers purchase the same amount whether the price rises or falls
• C)positively sloped, because buyers respond by increasing their purchases when price rises
• D)horizontal, because buyers increase their purchases by huge amounts with slight changes in price

---

Definitions:

Whig Party

A political party in the United States that was active between the 1830s and the 1850s, opposing the policies of Andrew Jackson and advocating for federal government support of a more diversified economy.

Republican Party

One of the two major contemporary political parties in the United States, traditionally supporting pro-business, conservative, and right-leaning policies.

Democratic Party

A major political party in the United States that historically has advocated for social welfare, civil rights, and governmental intervention in the economy to promote social justice.

Economic Opportunities

Prospects or chances for individuals or businesses to grow financially, commonly measured by income, employment possibilities, and market potential.