there is one gas station in a small rural town. the owner of the station claims that he will sell the same quantity of gas, no m

Question

4 years ago

11

atter how high or low the price. If he is correct in this assertion, what must be true about the demand curve for gas at his station?

1 answer:

myrzilka [38] · Answer 1 · 2021-11-24T15:45:10+03:00

8 0

It will be vertical, because the quantity demanded (x axis) will stay the same regardless of the increase or decrease in price on the y axis.