The price elasticity of a vertical demand curve is always
A)infinitely large.
B)zero.
C)one.
D)increasing as price increases.

Question

Quizplus · Accepted Answer

A vertical demand curve represents a situation where consumers are willing to pay a fixed price for a certain quantity of a product, regardless of changes in price. Therefore, the quantity demanded does not change in response to changes in price, resulting in a price elasticity of zero.

The Price Elasticity of a Vertical Demand Curve Is Always