If the Demand Curve for a Good Is a Vertical

question 56

Multiple Choice

If the demand curve for a good is a vertical line at Q = 1, then a decrease in the price of that good will:

• A)decrease the quantity demanded.
• B)increase the quantity demanded.
• C)lead the quantity demanded to fall to zero.
• D)not change the quantity demanded.

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Definitions:

Assembly

The process of putting together components or parts to form a complete product or system.

Painting

The process or art of using paint to create a picture, design, or decorative coating on a surface.

Middle Managers

Employees who manage the activities of other managers and possibly also staff, positioned between the executive and the frontline managers.

Regular Employees

Workers who are hired on a permanent basis, typically with a full range of benefits, as opposed to temporary or contract employees.