Multiple Choice
When the price elasticity of demand is perfectly inelastic,what can be said about the elasticity and the demand curve
A) The elasticity is 0 and the demand curve is vertical.
B) The elasticity is 0 and the demand curve is horizontal.
C) The elasticity approaches infinity and the demand curve is vertical.
D) The elasticity approaches infinity and the demand curve is horizontal.
Correct Answer:
Verified
Correct Answer:
Verified
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