CFA Practice Question

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CFA Practice Question

Refer to the graph below. Which of the following curves demonstrates a perfectly inelastic demand curve?

Correct Answer: C

A perfectly inelastic curve is vertical.

User Contributed Comments 5

User Comment
MRSLETS Go it matter wht the price,the quantity will not change.
JakeZ seeeeeeeeeeeeen!
Thediceman what is B? SUPPLY CURVE...should that be inverse slope?
jjhigdon For the purpose of this question, A, B and C are all hypothetical demand curves. B could be the demand curve for a Giffen or Veblen Good.
MathLoser B for Bitcoin. Change my mind.
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