If the demand curve is a vertical line, then

a. demand is perfectly elastic
b. demand is perfectly inelastic
c. demand is unit elastic
d. demand is determined by supply
e. supply is a horizontal line

B

Economics

You might also like to view...

The process by which inputs are transformed to outputs is referred to as:

A) production. B) distribution. C) depreciation. D) absorption.

Economics

LRE. After in increase in AD, the price level will initially be ____ and real GDP will initially be ____

a. lower; lower b. higher; higher c. lower; higher d. higher; lower

Economics