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    Exam 5: Elasticity
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    If the Demand Curve for a Product Is Vertical, Then
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If the Demand Curve for a Product Is Vertical, Then

Question 1

Question 1

Multiple Choice

If the demand curve for a product is vertical, then what is the elasticity of demand?


A) equal to zero
B) equal to one
C) greater than one, but less than infinity
D) equal to infinity

Correct Answer:

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