Multiple choice

The exact opposite of perfectly elastic demand is

  1. Perfectly inelastic demand

  2. Unitary Elastic Demand

  3. Relatively more elastic demand

  4. Relatively elastic demand
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

 It is perfectly inelastic demand.  In perfeclty elastic demand even a minute change in price, causes an infinite change in quantity demanded. In perfectly inelastic demand even a greater change in price, causes no change in the quantity demanded. Thus perfectly inelastic demand is exact opposite of perfectly elastic demand. 

Keep practicing — related questions