Asked by Nathan Perrine on Jul 09, 2024
Verified
In the space provided in the graph above,draw a perfectly inelastic demand curve and state its elasticity.
Perfectly Inelastic Demand Curve
A perfectly vertical demand curve; no matter what the price is, the quantity demanded remains the same.
- Distinguish and recognize the distinctions between perfectly elastic and perfectly inelastic demand and supply.
Verified Answer
JS
Learning Objectives
- Distinguish and recognize the distinctions between perfectly elastic and perfectly inelastic demand and supply.
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