Ans) the correct option is d) perfectly inelastic.
The vertical demand curve is perfectly inelastic meaning percentage change in price does not have any effect on quantity demanded.
if the graph of the demand curve is vertical, then the good must be Select one:...
1. A perfectly inelastic demand curve is (Click to select) A. downward-sloping B horizontal C vertical D upward-sloping . Price elasticity of demand is equal to (Click to select) A. -∞ B 0 C -1 2. A perfectly elastic demand curve is (Click to select) A. downward-sloping B horizontal C vertical D upward-sloping . Price elasticity of demand is equal to (Click to select) A. -∞ B 0 C -1 3. Along a linear demand curve that is neither perfectly inelastic nor perfectly elastic, price elasticity...
A perfectly elastic demand curve is: Select one: O a. upward sloping b. downward sloping Oc. horizontal O d. vertical Answers Jump to
If a demand curve for a good were completely vertical, it would be considered: Group of answer choices perfectly elastic. perfectly inelastic. of unitary elasticity. relatively inelastic.
A perfectly ___ demand curve is _____. An example of a good with this type of demand is ______. A) elastic, horizontal, food B) inelastic, vertical, insulin C) inelastic, vertical, Pepsi
The following graph depicts demand. At point D, demand is: Select one: a. price inelastic. b. price elastic. c. unit elastic. d. perfectly price elastic. 7 6 0 24 6 8 10 12 14 Quantity
om/courses/2456531/quizzes/5192042/take Question 6 1 pts The price elasticity of demand for a completely vertical demand curve is unitary elastic O perfectly elastic O elastic O perfectly inelastic 1 pts Question 7 If a 3 percent reduction in the price of a good produces a 5 percent increase in the quantity demanded, the price elasticity of demand over this range of the demand curve is unitary elastic
When large changes in price lead to no changes in quantity demanded, demand is perfectlyGroup of answer choicesinelastic, and the demand curve will be vertical.inelastic, and the demand curve will be horizontal.elastic, and the demand curve will be vertical.elastic, and the demand curve will be horizontal.
3. The demand for the product of a typical perfectly competitive firm is Select one: a. perfectly inelastic, vertical b. perfectly elastic, horizontal c. downward sloping. d. upward sloping
O 31 2.859 On a linear demand curve, if the price of the good is zero we know the elasticity of demand none of these O Perfectly inelastic Perfectly elastic becoming infinitely large
Which of the following statements is true? If the price of a good is lowered and total revenue decreases, demand is elastic. If the price of a good is raised and total revenue does not change, demand is perfectly elastic. If the price of a good is lowered and total revenue increases, demand is inelastic. If the price of a good is raised and total revenue increases, demand is inelastic. and relatively inelastic demand is represented by a demand curve...