The Absolute Price Elasticity of Demand for a Vertical Demand

question 196

Multiple Choice

The absolute price elasticity of demand for a vertical demand curve

• A) is infinite.
• B) is 1.0.
• C) is 0.
• D) depends on where one is on the demand curve.

---

Definitions:

Gibbons v. Ogden

A landmark 1824 Supreme Court case that held the power to regulate interstate commerce was granted to Congress by the Commerce Clause of the U.S. Constitution.

Commerce

Trade among the several states or between any foreign country and any state or territory.

Congress

The national legislative body of the United States, consisting of the Senate and the House of Representatives.

Trademark

Any word, name, symbol, or device adopted and used by a manufacturer or merchant to identify goods and distinguish them from those manufactured or sold by others.