WAEC Economics 2019 Objective — Question 6
Question 6 of 50 from the West African Examinations Council (WAEC) Economics 2019 Objective paper, with the correct answer and a full explanation.
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If the coefficient of price elasticity of demand of a product is zero, then its demand curve will be
- A. parallel to the quantity axis
- B. parallel to the price axisCorrect
- C. negatively sloped
- D. positively sloped
Explanation
A zero coefficient of price elasticity means the product is perfectly inelastic — quantity demanded does not change however price changes — giving a demand curve that runs parallel (vertical) to the price axis.
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