In Figure 5.1, the demand curve that has an infinite elasticity is shown on graph:
A. A.
B. B.
C. C.
D. D.
Answer: B
Economics
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Infrastructure is capital provided by the private sector. True or False
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The quantity of labor supplied depends on the
A) money wage rate not the real wage rate. B) real wage rate not the money wage rate. C) price of output not the money wage rate nor the real wage rate. D) level of profits.
Economics
Refer to Figure 22-4. Which of the following combinations of points illustrates changes in the Soviet Union's economy from 1950 to 1980?
A) B to D B) E to B C) B to E D) A to B to C
Economics
Taxes cause:
a. Market distortions b. A reduction in incentives to work c. A decrease in wealth creating transactions d. All of the above
Economics