Figure 6-3

-In Figure 6-3(a), at any price above $6, quantity demanded
A)falls to zero.
B)becomes infinitely large.
C)is equal to price.
D)is equal to the elasticity of demand.

Question

Figure 6-3
 
-In Figure 6-3(a), at any price above $6, quantity demanded
A)falls to zero. 
B)becomes infinitely large. 
C)is equal to price. 
D)is equal to the elasticity of demand.

Quizplus · Accepted Answer

In Figure 6-3(a), the demand curve is a vertical line, which means at any price above $6, the quantity demanded falls to zero. This is because consumers are not willing to purchase any quantity of the product at prices above $6.

Figure 6-3 -In Figure 6-3(a), at Any Price Above $6, Quantity Demanded