Question

If a demand curve is vertical, then own-price elasticity of demand for this good is equal to: *

1 point

Infinity.

Zero.

One.

None of the above.

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Answer 1

Answer:

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Explanation:

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Answer 2

If a demand curve is vertical, then own-price elasticity of demand for this good is equal to: *

Zero

• Price, the quantum of plutocrat outstanding to buy a specified item. Price guests may pay for a good which indicates its cost.Prices establish an profitable base for the selling of products and services to the great number of people who use it.
• A demand wind that's drawn as a perpendicular line has a price pliantness of demand equal toZero.With a perpendicular demand wind, the demand price pliantness is zero, meaning that factual prices would be infinitely advanced than the effective price.
• When a request force wind is perpendicular, it represents that the volume of that good is fixed no matter what the price of the good is. A perpendicular wind illustrates a good that has zero pliantness.

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