question archive A demand curve that is drawn as a vertical line has a price elasticity of demand equal to _____

A demand curve that is drawn as a vertical line has a price elasticity of demand equal to _____

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A demand curve that is drawn as a vertical line has a price elasticity of demand equal to _____.

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A demand curve that is drawn as a vertical line has a price elasticity of demand equal to Zero.

If the demand curve is vertical, then it is perfectly inelastic. The perfectly inelastic demand is equal to zero. The perfect inelastic demand has no similar alternatives. Demand for a product becomes inelastic because a market increase has a fairly low impact on the volume of the product demanded. the elasticity equation the values obtained may vary from zero to infinity, where the price elasticity of demand is less than one, the desire for a product is assumed to be inelastic.

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