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MA_775_DIABLO [31]
3 years ago
11

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

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?
Business
1 answer:
myrzilka [38]3 years ago
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.

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Explanation:

We solve using the following identity:

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3 0
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8 0
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