Figure 2.4.3
-Refer to Figure 2.4.3 above. The price elasticity of demand along this demand curve is equal to:
A) whatever the value of the price is.
B) infinity.
C) zero.
D) an undetermined value.

Name: Figure 2.4.3 -Refer to Figure 2.4.3 above. The price elasticity of demand along this demand curve is equal to: A) whatever the value of the price is. B) infinity. C) zero. D) an undetermined value.
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Question

Figure 2.4.3
-Refer to Figure 2.4.3 above. The price elasticity of demand along this demand curve is equal to:
A) whatever the value of the price is. 
B) infinity. 
C) zero. 
D) an undetermined value.

Quizplus · Accepted Answer

The price elasticity of demand is zero when the demand curve is vertical.

Figure 2.4.3 -Refer to Figure 2.4.3 Above. the Price Elasticity of Demand