When elasticity is zero, demand curve is
...When elasticity is zero, demand curve is
Perfectly elastic
Perfectly inelastic
Down-ward sloping
Upward sloping
Correct answer is B
Perfectly inelastic is when a change in price has an no effect on quantity demanded. The coefficient is zero.
A disadvantage of a joint-stock company is ...
The use of modern weaving machines in the production of local fabric will result in ...
Which business organization enjoys tax-free point in East Africa? ...
A country's import price index by 1995 was 50 and her index of export price was 70. Calculate th...
The National Electrical Power Authority (NEPA) in Nigeria is a ...
A primary industry is concerned with ...
A country with over-valued currency will ...
Which of the following means of funding a business is very reliable and cheap? ...