If the demand curve for a product is vertical, then what is the elasticity of demand?
A) equal to zero
B) equal to one
C) greater than one, but less than infinity
D) equal to infinity

Question

Quizplus · Accepted Answer

If the demand curve for a product is vertical, it means that the quantity demanded does not change with a change in price. This indicates that the demand is perfectly inelastic, and the elasticity of demand is equal to zero.

If the Demand Curve for a Product Is Vertical, Then