The Price Elasticity of a Vertical Demand Curve Is Always

question 117

Multiple Choice

The price elasticity of a vertical demand curve is always

• A)infinitely large.
• B)zero.
• C)one.
• D)increasing as price increases.

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Definitions:

Voluntary

An action undertaken by an individual's free will without coercion or external pressure.

Consideration

In contract law, consideration refers to something of value exchanged between parties as part of an agreement, serving as the necessary element for a valid contract.

Assignee

A person, corporation, or entity to whom rights or interests have been transferred by another.

Delegatee

A person to whom duties, responsibilities, or authority is transferred from another, the delegator.