A perfectly inelastic demand curve __________________.
A. is a vertical line parallel to Y-axis.
B. is a vertical line parallel to X-axis.
C. indicates a good with no close substitutes.
D. a and c.
Answer:D
A perfectly inelastic demand curve __________________.
A. is a vertical line parallel to Y-axis. B. is a vertical line parallel to X-axis. C. indicates a good with no close substitutes. D. a and c.