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Mazen Alowdi
on Oct 26, 2024

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A demand curve that is perfectly inelastic is:

A) horizontal.
B) vertical.
C) downward sloping.
D) upward sloping.

Perfectly Inelastic

Describing a situation where the quantity demanded or supplied of a good does not change in response to a price change.

Demand Curve

A graphical representation of the quantity of a good that consumers are willing and able to purchase at various prices during a given period.

  • Comprehend the consequences of perfectly inelastic and perfectly elastic demand curves.
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Lakshya TanwarOct 27, 2024
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