Question: A graph plots price versus quantity. 5 demand curves D 1, D 2, D 3, D 4, and D 5 are graphed.The horizontal axis is
A graph plots price versus quantity. 5 demand curves D 1, D 2, D 3, D 4, and D 5 are graphed.The horizontal axis is labeled quantity. The vertical axis is labeled price. 2 points P 1 and P 2 are marked on the vertical axis from bottom to top. The graph shows 5 falling lines labeled D 1, D 2, D 3, D 4, and D 5. D 5 is a vertical line. D 1 to D 4 are to the left of D 5 and intersect D 5 at a point. Point of intersection corresponds to P 1 and price P 2 is greater than P 1. Refer to the graph above. Which demand curve is perfectly inelastic? Multiple Choice D5 D3 D2 D4
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