If the demand curve is a vertical line, it means that:

A. regardless of price, the quantity demanded is a constant amount.
B. regardless of quantity, the price is a constant amount.
C. the good is inferior.
D. the good has many substitutes.


Answer: A

Economics

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The phase in the business cycle in which real GDP declines is called a:

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Economic analysis suggests that gains from specialization and exchange

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Economics

A firm that has little ability to influence market prices operates in a

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Economics