Question

13. A good with a vertical demand curve has a demand with: *
O a) infinite elasticity.
O b) unit elasticity
O c) zero elasticity
O d) varying elasticity​

Answer 1

Answer:

c

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Answer 2

A correct option is (c).

Vertical Demand Curve:

• The vertical demand curve has zero elasticity because demand quantity does not change and is inversely proportional to the change of price
• The vertical demand curve has vertical lines which show that it has zero elasticity
• When the percentage change in the price then it supplies less input so it has zero elasticity
• When the price changes then the quantity of goods is also changing this is also a reason for zero elasticity