-The demand curve in the figure above illustrates the demand for a product with
A) zero price elasticity of demand at all prices.
B) infinite price elasticity of demand.
C) unit price elasticity of demand at all prices.
D) a price elasticity of demand that is different at all prices.

Question

-The demand curve in the figure above illustrates the demand for a product with
A) zero price elasticity of demand at all prices. 
B) infinite price elasticity of demand. 
C) unit price elasticity of demand at all prices. 
D) a price elasticity of demand that is different at all prices.

Quizplus · Accepted Answer

The demand curve is a vertical line, which means that the quantity demanded does not change at all as the price changes. This means that the price elasticity of demand is zero at all prices.

-The Demand Curve in the Figure Above Illustrates the Demand