alleryMatch inelastic limits: 1. Curve: p. Vertical 2. Drug: q. Insulin 3. Qty: r. Constant
A1-p, 2-q, 3-r
B1-p, 2-r, 3-q
C1-q, 2-p, 3-r
D1-r, 2-p, 3-q
Answer & Solution
Correct answer: A. 1-p, 2-q, 3-r
In perfectly inelastic demand, the demand curve is vertical and consumers purchase an unchanged quantity regardless of price.
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