Concept
Version 8
Created by Boundless
Interpretations of Price Elasticity of Demand
Perfectly Inelastic Demand
Perfectly inelastic demand is graphed as a vertical line. The PED value is the same at every point of the demand curve.
Source
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"Elasticity-inelastic."
http://en.wikipedia.org/wiki/File:Elasticity-inelastic.png
Wikipedia
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