A Consumer Is Willing and Able to Buy 100 Units

question 291

Multiple Choice

A consumer is willing and able to buy 100 units of a good at $100, but the consumer's quantity demanded falls to zero if the price rises even a fraction of a cent. The consumer's demand curve is

• A) horizontal and is perfectly inelastic.
• B) horizontal and is perfectly elastic.
• C) vertical and is perfectly elastic.
• D) downward sloping from higher prices down to $10 and then horizontal.

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