What Happens in the Case of Perfectly Inelastic Demand

question 228

Multiple Choice

What happens in the case of perfectly inelastic demand

• A)Quantity demanded stays the same regardless of price changes.
• B)Huge changes in quantity demanded result from very small changes in the price.
• C)The change in quantity demanded exactly equals the change in price.
• D)The change in quantity demanded will be twice the change in price.

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