Question 47
HardOriginal questionOn a straight-line demand curve, at which point is the price elasticity of demand zero?
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
At the quantity axis, P = 0, so eₚ = slope term × 0 ÷ Q = 0.
At the price axis, Q = 0, so eₚ is infinite.
- Concept
- Ends of a straight-line demand curve
- Typical timeTypical
- 100 s
- Your timeYours
- —
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