A Price Elasticity of Zero Corresponds to a Demand Curve

question 109

Multiple Choice

A price elasticity of zero corresponds to a demand curve that is:

• A) horizontal.
• B) downward sloping with a slope always equal to 1.
• C) vertical.
• D) either vertical or horizontal.

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Definitions:

Organic-rich Black Shale

Sedimentary rocks that contain high amounts of organic matter, typically appearing dark in color, and are potentially sources of fossil fuels.

Silica-rich Creatures

Marine organisms that have skeletons made primarily of silica, such as diatoms and certain types of sponges.

Gradational Boundaries

Transition zones where different geological formations or ecosystems meet and blend without a clear-cut separation.

Sedimentary Rock

Rock formed by the deposition of material at the Earth's surface and within bodies of water, characterized by distinct layers.