multiple choice question a demand curve that runs parallel to the vertical axis indicates a(n) ________…
multiple choice question a demand curve that runs parallel to the vertical axis indicates a(n) ________. purely competitive market unit of elasticity perfectly inelastic demand perfectly elastic demand
Answer
Brief Explanations:
In economics, when the demand curve is parallel to the vertical - axis, it means that quantity demanded does not change regardless of price changes. This is the definition of perfectly inelastic demand.
Answer:
perfectly inelastic demand