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

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