A perfectly vertical demand curve indicates that 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.

Question

Quizplus · Accepted Answer

A perfectly vertical demand curve indicates that the quantity demanded is fixed regardless of the price, which means that the price elasticity of demand is zero. This implies that consumers do not respond to price changes, and any change in price would not affect the quantity demanded.

A Perfectly Vertical Demand Curve Indicates That the Price Elasticity