3 years ago

Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:

Business

1 answer:

ladessa [460]3 years ago

6 0

Answer:

e.people will not change the quantity of the good when the price of the good is changed.

Explanation:

When the demand curve for a good is vertical, it indicates that the demand for the good is perfectly inelastic ; a change in price has no effect on the quantity demanded.

Goods with perfect inelasticity usually have no or little close subsituites.

I hope my answer helps you

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Alternative hypothesis, H₁ : M₁ > M₂

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On January 1, 2015, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $2

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The journal entry which is to be recorded for the first installment payment on the note is shown below:

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