When a good has a vertical demand curve,the price elasticity of demand for the good is
A)zero.
B)greater than zero but less than 1.
C)1.
D)greater than 1.
E)negative.

Name: When a good has a vertical demand curve,the price elasticity of demand for the good is A)zero. B)greater than zero but less than 1. C)1. D)greater than 1. E)negative.
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Question

Quizplus · Accepted Answer

When a good has a vertical demand curve, it means that regardless of the price, the quantity demanded remains the same. Hence, the price elasticity of demand is zero.

When a Good Has a Vertical Demand Curve,the Price Elasticity