Along a perfectly vertical demand curve, the price elasticity of demand
A) equals 0.
B) is greater than 0 but less than 1.0.
C) equals 1.0.
D) is negative.

Name: Along a perfectly vertical demand curve, the price elasticity of demand A) equals 0. B) is greater than 0 but less than 1.0. C) equals 1.0. D) is negative.
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Question

Quizplus · Accepted Answer

A perfectly vertical demand curve indicates that quantity demanded does not change as price changes, meaning the price elasticity of demand is 0.

Along a Perfectly Vertical Demand Curve, the Price Elasticity of Demand