A vertical demand curve results in
A) no change in quantity when the supply curve shifts.
B) no change in price when the supply curve shifts.
C) no change in the supply curve being possible.
D) no change in quantity when the demand curve shifts.
A
Economics
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If DI falls by $100 billion, and C falls by $90 billion, the slope of the consumption is
a. ?0.45. b. 0.45. c. ?0.90. d. 0.90. e. 0.50.
Economics
If consumers respond to a 10% price reduction by buying twice as much of a particular good, we would conclude that:
A. there was excess demand at the original price. B. the price elasticity of demand at the original price was less than one. C. the price elasticity of demand at the original price was greater than one. D. there was excess supply at the original price.
Economics