Multiple Choice
A perfectly inelastic demand curve:
A) rises upward and to the right, but has a constant slope
B) can be represented by a line parallel to the vertical axis
C) cannot be shown on a two-dimensional graph
D) can be represented by a line parallel to the horizontal axis
E) is downward sloping and has a constant slope
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The number of tonnes of wheat sold
Q3: A drop in a town's average monthly
Q4: If the demand for product X is
Q5: A supply curve that is parallel to
Q6: Marx's theory of exploitation asserts that:<br>A)workers are
Q8: If the quantity supplied of tomatoes rises
Q9: If for a particular market a drop
Q10: The price and quantity demanded of
Q11: An upward-sloping long-run supply curve suggests that:<br>A)when
Q12: The quantity demanded of a product rises