If the Demand Curve Is a Vertical Line, It Means

question 164

Multiple Choice

If the demand curve is a vertical line, it means that

• A) regardless of price, the quantity demanded is a constant amount.
• B) regardless of quantity, the price is a constant amount.
• C) the good is inferior.
• D) the good has many substitutes.

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Definitions:

Snow Melts

The process by which snow changes into water due to rising temperatures.

True Premises

Statements or propositions that are accepted as true and serve as the foundational arguments in deductive reasoning.

Logical Relation

A connection or association between concepts or objects that is governed by the principles of logic, indicating how one can influence or relate to another.

Evidence

Information or facts that are used to support the validity of a statement or belief.