Refer to the graph shown. Which of the following curves demonstrates a perfectly inelastic demand curve?
A. A
B. B
C. C
D. None of the curves
Answer: C
Economics
You might also like to view...
The figure above shows the price of a DVD player from 2003 to 2007
a) What type of graph is illustrated above? b) What is the trend in the price of a DVD player?
Economics
Refer to Figure 2-8. What is the opportunity cost of producing 1 ton of coconuts in Costa Rica?
A) 3/8 of a ton of pineapples B) 2/3 of a ton of pineapples C) 1 1/2 tons of pineapples D) 100 tons of pineapples
Economics