Multiple Choice
If the slope of a demand curve is infinite, then the price elasticity of demand is:
A) zero.
B) infinite.
C) one.
D) equal to the price of the good.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q73: If the price of cheese falls by
Q74: Which of the following is likely to
Q75: If the percentage change in the price
Q76: The demand for a good is unit
Q77: Refer to the accompanying figure. What is
Q79: A perfectly elastic demand curve has a
Q80: If the demand for electricity is inelastic,
Q81: Refer to the accompanying figure. When the
Q82: If the price elasticity of demand for
Q83: Satellite TV is a close substitute for