If the Demand Curve Is Vertical, the Elasticity Is

question 124

Multiple Choice

If the demand curve is vertical, the elasticity is

• A)1.0.
• B)0.0.
• C)0.5.
• D)infinite.

---

Definitions:

Cost Per Unit

The cost incurred in the production of one unit of a product, including material, labor, and overhead costs.

Marginal Product

The extra output generated by increasing the use of a variable input by one unit, while keeping all other inputs unchanged.

Fertilizer

A substance, either natural or manufactured, that is applied to soil or land to improve fertility and promote the growth of plants.

Corn

A cereal plant that yields large kernels on a cob, used throughout the world as a foodstuff and as a feed for livestock.