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-The Curve in the Above Graph

Question 153

Multiple Choice

   -The curve in the above graph: A) can only be a perfectly inelastic demand curve. B) can only be a perfectly inelastic supply curve. C) may be either a perfectly inelastic demand curve or a perfectly inelastic supply curve. D) can be neither a perfectly inelastic demand curve nor a perfectly inelastic supply curve.
-The curve in the above graph:


A) can only be a perfectly inelastic demand curve.
B) can only be a perfectly inelastic supply curve.
C) may be either a perfectly inelastic demand curve or a perfectly inelastic supply curve.
D) can be neither a perfectly inelastic demand curve nor a perfectly inelastic supply curve.

Correct Answer:

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