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Secure https://www.mathxd.com/Student/PlayerHomeworkaspx?homeworkld-4633911158iquestionld-21&flushe; EC 350 MyEconLab Spring 2018 Section 2 Homework: Chapter 5 Homework score: 0 of 1 pt 3End of Chapter 1.4 Save 2 of 25 (20 complete) HW Score: 6296, 15.5 of 25 pt Question Help * Draw a graph of a perfectly inelastic demand curve Use the line drawing tool to graph a perfectly inelastic demand curve. Properly label this line. Carefully follow the instructions above, and only draw the required objects Click the graph, choose a tool in the palette and follow the instructions to create your graph 3

Solution

A perfectly inelastic demand curve will be vertical at a single quantity and so the consumer will be willing to pay whatever price for that quantity. A perfectly inelastic demand curve thus has 0 slope and hence 0 elasticity of demand. It will be vertical.