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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1278372
Introduction to Economics 1 Deneme Sınavı Sorusu #1278372
Which of the following is true if the demand curve is vertical ?
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Its slope is infinite and its price elasticity is one |
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Its slope and its price elasticity is one |
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Its slope and its price elasticity is infinite |
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Its slope and its price elasticity is zero |
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Its slope and its price elasticity is finite |
Yanıt Açıklaması:
If the demand curve is vertical, its slope and its price elasticity is zero, and if the demand curve is horizontal, its slope and the price elasticity would be infinite. Answer is D.
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