FIGURE 4-2
-Refer to Figure 4-2.In diagram 2,the price elasticity of demand is
A)0.
B)less than -1.
C)exactly 1.
D)greater than 1.
E)infinity.

Name: FIGURE 4-2 -Refer to Figure 4-2.In diagram 2,the price elasticity of demand is A)0. B)less than -1. C)exactly 1. D)greater than 1. E)infinity.
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Question

FIGURE 4-2
-Refer to Figure 4-2.In diagram 2,the price elasticity of demand is
A)0. 
B)less than -1. 
C)exactly 1. 
D)greater than 1. 
E)infinity.

Quizplus · Accepted Answer

In diagram 2, the demand curve is vertical, indicating that quantity demanded does not change as price changes, which means the price elasticity of demand is 0.

FIGURE 4-2 -Refer to Figure 4-2.In Diagram 2,the Price Elasticity of Demand