When a Demand Curve Is Vertical, the Elasticity of Demand

question 13

Multiple Choice

When a demand curve is vertical, the elasticity of demand is equal to

• A)0.
• B)-2.
• C)-1.
• D)1.

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Definitions:

MCC

Motor Control Center - a centralized assembly of electric motor controls in a compact and structured form.

CML

Critical Material List - a document specifying all materials essential for a manufacturing process, including their standards, grades, and quantities.

Minimum Amount of Material

A concept in manufacturing and design that aims to utilize the least amount of material necessary for functionality, reducing waste and cost.

Symbol

A visual representation or sign that stands for its object by convention, association, or resemblance, commonly used in technical diagrams to represent standard components or functions.