If the demand curve for a product was vertical, then the elasticity of demand would be:
A)equal to zero.
B)equal to one.
C)greater than one, but less than infinity.
D)equal to infinity.

Question

If the demand curve for a product was vertical, then the elasticity of demand would be:
A)​equal to zero.
B)​equal to one.
C)​greater than one, but less than infinity.
D)​equal to infinity.

Quizplus · Accepted Answer

When the demand curve is vertical, it means that the quantity demanded does not respond to changes in price. This is known as perfectly inelastic demand and has an elasticity of zero.

If the Demand Curve for a Product Was Vertical, Then