If the demand curve is vertical, the elasticity is

a. 1.0.
b. 0.0.
c. 0.5.
d. infinite.

b

Economics

You might also like to view...

What is marginal social cost?

What will be an ideal response?

Economics

The current international monetary system is best described as a

a. fixed rate system. b. completely flexible rate system. c. gold standard. d. mercantilist system. e. managed floating rate system.

Economics