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:

Efficient

Achieving maximum productivity with minimum wasted effort or expense, often by effectively managing resources, time, and energy.

Technical Expertise

Refers to specialized knowledge or skills in a specific field, often related to technology or engineering.

Staff Managers

Managers who provide support, advice, and expertise to line managers and are typically responsible for functions such as human resources, finance, and technical support.

Work-Unit Performance

The level of effectiveness and efficiency with which a specific group or team accomplishes its assigned tasks and goals.