Exhibit 5.6

-Refer to Exhibit 5.6,which shows a vertical demand curve.The price elasticity of demand is _____
A)0.
B)−1.
C)infinity.
D)1.
E)−100.

Name: Exhibit 5.6 -Refer to Exhibit 5.6,which shows a vertical demand curve.The price elasticity of demand is _____ A)0. B)−1. C)infinity. D)1. E)−100.
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Question

Exhibit 5.6
 
-Refer to Exhibit 5.6,which shows a vertical demand curve.The price elasticity of demand is _____
A)0. 
B)−1. 
C)infinity. 
D)1. 
E)−100.

Quizplus · Accepted Answer

A vertical demand curve indicates that the quantity demanded does not change regardless of the price, which means the price elasticity of demand is 0.

Exhibit 5.6 -Refer to Exhibit 5.6,which Shows a Vertical Demand Curve.The Price