- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 8. Topics in Demand and Supply Analysis
- Subject 2. Elasticities of Demand
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 right..no 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. |