If the price elasticity of demand is zero for all prices,the demand curve is
A)horizontal.
B)vertical.
C)neither horizontal nor vertical.

Question

Quizplus · Accepted Answer

If the price elasticity of demand is zero, it means that changes in price don't affect the quantity demanded. In other words, the demand for the product is completely insensitive to price changes. This results in a vertical demand curve, where any increase or decrease in price doesn't affect the quantity demanded.

If the Price Elasticity of Demand Is Zero for All