There is one gas station in a small rural town.The owner of the station claims that he will sell the same quantity of gas no matter how high or low the price.If he is correct in this assertion, what must be true about the demand curve for gas at his station?
A.It must be vertical with a price elasticity of zero.
B.It must be vertical with a price elasticity of infinity.
C.It must be horizontal with a price elasticity of zero.
D.It must be horizontal with a price elasticity of infinity.

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The Answer of There is one gas station in a small rural town.The owner of the station claims that he will sell the same quantity of gas no matter how high or low the price.If he is correct in this assertion, what must be true about the demand curve for gas at his station?
A.It must be vertical with a price elasticity of zero.
B.It must be vertical with a price elasticity of infinity.
C.It must be horizontal with a price elasticity of zero.
D.It must be horizontal with a price elasticity of infinity.

There Is One Gas Station in a Small Rural Town