In the space provided in the graph above, draw a perfectly inelastic demand curve and state its elasticity. 
Definitions:
Budgeted Balance Sheet
A projection of a company's financial position at a future date, detailing assets, liabilities, and equity.
Production Budget
A financial plan that estimates the number of units to be produced to meet sales goals within a given period.
Raw Materials
Fundamental components or substances used at the beginning of the production process to manufacture goods.
Raw Material Costs
The total expense incurred for materials that are used in the production of goods or services.
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