Along a perfectly vertical demand curve, the price elasticity of demand
A) equals 0.
B) is greater than 0 but less than 1.0.
C) equals 1.0.
D) is negative.
A
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Refer to the above table. Suppose one country has a per capita real GDP of $1000 and another has a per capita real GDP of $10,000, or ten times larger. If both countries have a growth rate of 5 percent, how much larger will per capita real GDP be in the second country be than the first after 50 years?
A) 8 times larger B) 5 times larger C) 10 times larger D) 4 times larger
The market for apples is an example of ________
A) perfect competition B) monopolistic competition C) monopoly D) oligopoly
A newly issued bond with a face value of $12,000 and no coupon payments is priced at $9,000 . The bond will mature in one year. What is the yield on this bond?
a. 33.3 percent b. 25 percent c. $3,000 d. $1,909.09 e. It depends on the interest rate
All of the following influence the government's decisions to allow various tax deductions, tax exemptions, tax credits, and tax write-offs, except
a. matters of fairness b. incentives to work c. incentives to save d. incentives to invest e. incentives to vote