A Vertical Demand Curve Results in

question 95

Multiple Choice

A vertical demand curve results in

• A) no change in quantity when the supply curve shifts.
• B) no change in price when the supply curve shifts.
• C) no change in the supply curve being possible.
• D) no change in quantity when the demand curve shifts.

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Definitions:

Net Utility

The overall value or satisfaction gained from consuming a product or service, after subtracting the costs associated with its consumption.

Return On Investment

A measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the cost of the investment.

Management

The process of dealing with or controlling things or people, often within an organizational setting, including planning, decision making, and coordinating resources.

Assumptions

Ideas or beliefs taken as true without proof.