Suppose the demand curve for a good is completely vertical. What would be the price elasticity...
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Suppose the demand curve for a good is completely vertical. What would be the price elasticity of demand for this good and what is the slope of the vertical line? The first answer corresponds to elasticity and second to the slope. Suppose the demand curve for a good is completely vertical. What would be the price elasticity of demand for this good and what is the slope of the vertical line? The first answer corresponds to elasticity and second to the slope.
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Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
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