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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    If Demand Is Perfectly Inelastic, the Demand Curve Is Vertical
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If Demand Is Perfectly Inelastic, the Demand Curve Is Vertical

Question 21

Question 21

True/False

If demand is perfectly inelastic, the demand curve is vertical, and the price elasticity of demand equals 0.

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