Which statement is true?
A)A vertical demand curve has zero elasticity.
B)A horizontal demand curve has zero elasticity.
C)Both vertical and horizontal demand curves have zero elasticity.
D)Neither vertical nor horizontal demand curves have zero elasticity.

Question

Quizplus · Accepted Answer

A vertical demand curve represents a situation where the quantity demanded does not change regardless of the change in price. Therefore, the demand is perfectly inelastic, and the elasticity is zero.

Which Statement Is True