Home
Earn $100 Online Daily. Work From Home. Click Here

What is the correct answer?

4

When the slope of a demand curve is zero (also known as vertical demand curve) then elasticity will be:

A. Zero (perfectly inelastic)

B. Equal to one (unitary elastic)

C. Infinite (perfectly elastic)

D. None of the above

Related Questions

The budget-line is also known as the: If there are many producers, each of whom has an individual production… The short-run periods in monopolistic competition are: Inputs or Factors of production are defined as: Which of the following is not a feature of isoproduct curves? Indifference curves reflect: An indifferent curve shows: If money income is given then consumer is in equilibrium when: Using total revenue and total cost, a profit maximizing firm will be equilibrium… The monopolist who is producing the same output from two (or more than… Marginal utility equals: In the case of a giffen good, the income effect: Conditions of perfect competition ensure: If the price of a product falls which of the following would occur? If production increases under constant returns to scale, the cost will: The cross-price elasticity of the demand for orange juice with respect… In the case of an inferior commodity, the income-elasticity of demand… Equilibrium of a firm represents maximization of profits as well as: The general markets results from the imposition of price ceilings has… Implicit costs are the costs: While buying two goods X and Y with unequal prices, to maximize total… The non-price competition cartel is a: Marginal Utility (MU) curve is always: Extension (expansion) of demand means: Who finalized the model of monopolistic competition? Production function relates: Price discrimination is possible: Cartel is associated with: If the commodity is normal then price effect is: In constant sum game (zero sum game), if there are two parties then: