A vertical demand curve has
A) infinite elasticity.
B) positive elasticity.
C) zero elasticity.
D) negative elasticity.
C
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If Boring were able to move first in a sequential version of the game in Scenario 13.15, the equilibrium would be
A) an $80 price for Simple and a $70 price for Boring. B) an $80 price for Simple and a $25 price for Boring. C) a $35 price for Simple and a $70 price for Boring. D) a $35 price for Simple and a $25 price for Boring. E) a mixed strategy equilibrium.
All of the following contribute to income inequality EXCEPT
A) differences in education and training. B) differences in job tastes. C) differences in talent. D) government transfer programs.
Explain how an increase in American interest rates will lead to an appreciation of the U.S. dollar vis-à-vis the British pound
According to Goodman (1972), how is the demand for medical care determined?
a. It is derived from the more fundamental demand for health. b. Genetic factors are all that matter. c. Insurance coverage is the most important factor. d. It is determined primarily by the age of the individual.