Consider the following types of demand curves:
a. a vertical demand curve
b. a horizontal demand curve
c. a linear downward-sloping demand curve
Which of the demand curves listed exhibits a price elasticity of demand coefficient that remains constant along the demand curve?
A) a only
B) b only
C) a and b only
D) a, b, and c

Question

Consider the following types of demand curves: 
a. a vertical demand curve
b. a horizontal demand curve
c. a linear downward-sloping demand curve
Which of the demand curves listed exhibits a price elasticity of demand coefficient that remains constant along the demand curve?
A) a only
B) b only
C) a and b only
D) a, b, and c

Quizplus · Accepted Answer

A vertical demand curve represents perfectly inelastic demand with a constant elasticity of zero, and a horizontal demand curve represents perfectly elastic demand with a constant elasticity of infinity.

Consider the Following Types of Demand Curves