When small changes in price lead to infinite changes in quantity demanded, demand is perfectly

a. inelastic, and the demand curve will be vertical.
b. elastic, and the demand curve will be vertical.
c. inelastic, and the demand curve will be horizontal.
d. elastic, and the demand curve will be horizontal.

Answer :

Answer:

correct answer is Option D

Explanation:

Option D - elastic, and the demand curve will be horizontal.

The quantity would be changed infinitely with a samll change in the the price. It means that demand is perfectly elastic and the curve is horizontal as the small change up decreases the quantity to zero and small change down increases the quantity infinity. Thus, option D is the correct ams of this questionwer

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