A demand curve which is ________ represents perfectly inelastic demand, and a demand curve which is ________ represents perfectly elastic demand. vertical; horizontal upward sloping; horizontal horizontal; downward sloping downward sloping; vertical

A demand curve which is represents perfectly inelastic demand, and a demand curve which is represents perfectly elastic demand. vertical; horizontal upward sloping; horizontal horizontal; downward sloping downward sloping; vertical

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A demand curve which is ________ represents perfectly inelastic demand, and a demand curve which is ________ represents perfectly elastic demand.

vertical; horizontal

upward sloping; horizontal

horizontal; downward sloping

downward sloping; vertical

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