High School
SAT
SAT Elite 1500
SAT Tutoring
ACT
ACT Elite 33
ACT Tutoring
University
MCAT
MCAT Elite 515
Med-School Admissions
Pre-Med Tutoring
Pre-Med Plus
LSAT
LSAT Elite 170
LSAT Self-Paced
LSAT Tutoring
DAT
DAT Elite
DAT Tutoring
Log in
Get Started for Free
Perfectly elastic demand is when quantity demanded does not respond to any pric…
Related Topics
Wize University Microeconomics Textbook > Elasticity
Perfectly Elastic and Inelastic
3 Activities
Perfectly elastic demand is when quantity demanded does not respond to any price change, no matter how large the price change is.
True
False
I don't know
Check Submission
More Perfectly Elastic and Inelastic Questions:
Let's say Barbara and Betty have two different demand curves. One of them is steeper than the other. Which of the following could explain the difference in slopes?
The demand for a good is perfectly inelastic.
Which is true? (More than one can be true)
When the demand curve is perfectly inelastic, an decrease in supply will lead to
When the supply curve is perfectly elastic, an increase in demand will lead to
The demand for a good is perfectly inelastic.
Practice: S&D/Equilibrium
The supply and demand curves for a good are shown below.
When the demand curve is perfectly inelastic, an increase in supply will lead to
When the supply curve is perfectly elastic, an increase in demand will lead to