Perfectly inelastic demand curve is ___________.

Flatter

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Steeper

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Vertical straight line parallel to

^{'} O Y^{'}

axis

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Horizontal straight line parallel to

^{'} O X^{'}

axis

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Solution

The correct option is C Vertical straight line parallel to $^{'} O Y^{'}$ axis
In case of perfectly inelastic demand the curve is a vertical straight line parallel to 'OY' axis. This is because the change in price of the product or service has no impact on the quantity demanded as the elasticity is equal to zero.

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Similar questions

For a uniformly retarded motion, the velocity-time graph is :

(a) a curve

(b) a straight line parallel to the time axis.

(d) a straight line inclined to the time axis.

A perfectly elastic price-demand curve is parallel to the X - axis. Why or why not ?

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