Under what condition will the demand curve be parallel to Y-axis ?

1.	Under what condition will the demand curve be parallel to Y-axis ?
Answer» <html><body><p></p>Solution :When the <a href="https://interviewquestions.tuteehub.com/tag/demand-436956" style="font-weight:bold;" target="_blank" title="Click to know more about DEMAND">DEMAND</a> curve is parallel to the vertical <a href="https://interviewquestions.tuteehub.com/tag/axis-889931" style="font-weight:bold;" target="_blank" title="Click to know more about AXIS">AXIS</a>, it means, that the same <a href="https://interviewquestions.tuteehub.com/tag/amount-374803" style="font-weight:bold;" target="_blank" title="Click to know more about AMOUNT">AMOUNT</a> of goods are demanded at any price level. Which further means that there is no effect of <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in price on the quantity demanded. Hence, the product is <a href="https://interviewquestions.tuteehub.com/tag/perfectly-7309466" style="font-weight:bold;" target="_blank" title="Click to know more about PERFECTLY">PERFECTLY</a> Inelastic and quantitatively, elasticity of demand is 0</body></html>

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