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    Microeconomic Theory Basic
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    Exam 3: Income and Substitution Effects
  5. Question
    The Price Elasticity of Demand for a Vertical Demand Curve
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The Price Elasticity of Demand for a Vertical Demand Curve

Question 2

Question 2

Multiple Choice

The price elasticity of demand for a vertical demand curve is:


A) 0.
B) -1.
C) 1.
D) - infinity.

Correct Answer:

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