Which Statement Is True

question 38

Multiple Choice

Which statement is true?

• A)A vertical demand curve has zero elasticity.
• B)A horizontal demand curve has zero elasticity.
• C)Both vertical and horizontal demand curves have zero elasticity.
• D)Neither vertical nor horizontal demand curves have zero elasticity.

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Definitions:

Portfolio

A collection of investments held by an individual or institution, including stocks, bonds, real estate, and other assets.

Successive Years

Consecutive years following one after the other without interruption.

Compound-Interest GIC

A Compound-Interest Guaranteed Investment Certificate (GIC) is a financial product that pays interest on your initial investment, with the interest being compounded at specified intervals, leading to increased returns over time.

Compounded Semiannually

The calculation of interest where it is added to the principal twice a year, resulting in the interest earning interest semiannually.