The vertical demand curve for a commodity shows that its demand is:

A. Highly elastic

B. Perfectly inelastic

C. Fairly elastic

D. Moderately elastic

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Cross-elasticity of demand or cross-price elasticity between two substitutes will be:
  2. The isoquant approach is:
  3. If there are many firms producing similar but differentiated products, the competition is generally…
  4. Average cost curve contains in it:
  5. Who finalized the model of monopolistic competition?
  6. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  7. If the commodities X and Y are perfect complements then:
  8. The price consumption curve (PCC) for commodity X is the locus of points of consumer equilibrium resulting…
  9. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  10. The total utility is gained by consuming:
  11. Which of the following curves is a rectangular hyperbola?
  12. In the case of two factor inputs which are neither perfectly complementary nor perfect substitutes,…
  13. If the demand for good is less elastic and government levied a tax per unit of output, the price per…
  14. Microeconomics is also known as:
  15. The main contribution of Prof. R.G.D.Allen is in the field of:
  16. The difference between the average total cost and average variable cost as output increases will:
  17. Normal profits are considered as:
  18. The total utility (TU) curve is:
  19. Which of the following is not a property of indifference curve?
  20. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  21. When SAC curve rises, SMC curve lies its:
  22. Moving along an indifference curve leaves the consumer:
  23. If a new production technology for producing compact discs is developed and new firms are attracted…
  24. If a commodity sold under monopoly is got free of cost, then MC will be:
  25. The cobweb model will divergent when the slope of:
  26. Cartel is associated with:
  27. In long run, a firm can change:
  28. If a firm produces zero output in the short period then which statement is true?
  29. The good will highest income elasticity is:
  30. Entry of new firms into a competitive market will shift the supply curve of the: