What type of price elasticity of demand is the diagram above representing?

  • A perfectly inelastic demand
  • B perfectly elastic demand
  • C fairly elastic demand
  • D composite demand
jamb 2022economics

The correct answer is A. perfectly inelastic demand

The diagram above shows that it is a perfectly inelastic demand. It is also known as Zero demand and it is an abnormal demand curve. The curve is vertical to the "Y-axis".

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