When elasticity is zero; demand curve is?

By: |Published on: Oct 21|Categories: Economics JAMB| 0 comments

A. perfectly elastic
B. perfectly inelastic
C. down-ward sloping
D. upward sloping

Correct Answer:

Option B – perfectly inelastic

Explanation

Perfectly inelastic is when a change in price has an no effect on quantity demanded. The coefficient is zero

Users Also Read These:

SEE ALSO  The difference between demand and wants is in the ________?

Copyright warnings! Do not copy.