If the coefficient of price elasticity of demand of a pro...
If the coefficient of price elasticity of demand of a product is zero, then its demand curve will be
Parallel to the quantity axis
Parallel to the price axis
Negatively sloped
Positively sloped
Correct answer is B
When the coefficient of price elasticity of demand is equal to zero, it means demand is perfectly inelastic. This means that demand for a good does not change in response to price.
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