-The demand curve in the figure above illustrates a product whose demand has a price elasticity of demand equal to
A) a different amount at different prices.
B) zero at all prices.
C) infinity.
D) one at all prices.

Question

-The demand curve in the figure above illustrates a product whose demand has a price elasticity of demand equal to
A) a different amount at different prices. 
B) zero at all prices. 
C) infinity. 
D) one at all prices.

Quizplus · Accepted Answer

The demand curve is a vertical line, which means that the quantity demanded does not change as the price changes. This means that the price elasticity of demand is infinity.

-The Demand Curve in the Figure Above Illustrates a Product