Multiple Choice
If the slope of the demand curve is equal to infinity,the price elasticity of demand will be:
A) zero.
B) infinite.
C) one.
D) equal to the price of the good.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q94: The price elasticity of supply at a
Q100: If a 10% decrease in the price
Q101: The cross-price elasticity of two goods that
Q102: Suppose that a new drug has been
Q103: A demand curve that is drawn as
Q104: Suppose that a new drug has been
Q106: Price elasticity of demand is a measure
Q107: When the price of NBA ticket is
Q109: Suppose two demand curves have a point
Q110: If the price of plane tickets increased,more