From the graph above, the price elasticity of demand is
From the graph above, the price elasticity of demand is
Unitarily elastic
Perfectly elastic
Perfectly inelastic
Fairly inelastic
Correct answer is C
Price elasticity of demand is the degree to which a change in price would affect the quantity demanded or supplied of a product. From the diagram above, price elasticity of demand is perfectly inelastic (that is, the quantity demanded does not respond to price.) When price was zero, the quantity demanded remained unchanged/ the same.
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