Economics · Business Economics
Which of the following geometric lines represents a perfectly inelastic demand curve on a standard two-dimensional demand graph?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A rectangular hyperbola
- 2A downward sloping straight line from left to right
- 3A horizontal straight line parallel to the X-axis
- 4A vertical straight line parallel to the Y-axis✓
Correct answer
A vertical straight line parallel to the Y-axis
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