A good with a vertical demand curve has a price elasticity of demand that
A) is equal to 1.
B) is equal to infinite.
C) is equal to zero.
D) varies between 0 and 1.

Name: A good with a vertical demand curve has a price elasticity of demand that A) is equal to 1. B) is equal to infinite. C) is equal to zero. D) varies between 0 and 1.
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Question

Quizplus · Accepted Answer

A vertical demand curve indicates that the quantity demanded does not change with price changes, meaning the price elasticity of demand is zero.

A Good with a Vertical Demand Curve Has a Price