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When Is Demand Perfectly Elastic? When Is Demand Perfectly Inelastic

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When is demand perfectly elastic? When is demand perfectly inelastic? What are the values of the price elasticity of demand when demand is perfectly elastic or perfectly inelastic? What do perfectly elastic and perfectly inelastic demand curves look like?


Definitions:

Pons

The larger swelling above the medulla that relays information from the cortex to the cerebellum, and that plays a part in sleep, dreaming, left–right body coordination, and arousal.

Cerebellum

A region of the brain that plays a vital role in motor control, and it also contributes to coordination, precision, and accurate timing of movements.

Fine-Motor Movement

Involves the coordination of small muscles in movements—usually involving the synchronization of hands and fingers—with the eyes.

Cerebellum

A part of the brain located at the back of the skull, crucial for motor control, coordination, precision, and timing of movements.

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