The term that describes a demand curve that shows that no consumer will buy a good if the price increases even a little is D. Vertical.

Here's why:

A. Flat: This would mean that consumers would buy the same amount of a good no matter what the price is, which is not the case here.

B. Steep: This would mean that consumers would buy significantly less of a good if the price increases, but not necessarily stop buying it altogether.

C. Horizontal: This would mean that consumers would buy an infinite amount of a good if the price was zero, and none of it if the price was anything above zero. This is not the case here.

D. Vertical: This means that consumers will buy a certain amount of a good at a certain price, but if the price increases even a little, they will stop buying it altogether. This is the case described in the question.

Question

The term that describes a demand curve that shows that no consumer will buy a good if the price increases even a little is D. Vertical.

Here's why:

A. Flat: This would mean that consumers would buy the same amount of a good no matter what the price is, which is not the case here.

B. Steep: This would mean that consumers would buy significantly less of a good if the price increases, but not necessarily stop buying it altogether.

C. Horizontal: This would mean that consumers would buy an infinite amount of a good if the price was zero, and none of it if the price was anything above zero. This is not the case here.

D. Vertical: This means that consumers will buy a certain amount of a good at a certain price, but if the price increases even a little, they will stop buying it altogether. This is the case described in the question.

Knowee AI · Accepted Answer

The term that describes a demand curve that shows that no consumer will buy a good if the price increases even a little is D. Vertical.

Here's why:

A. Flat: This would mean that consumers would buy the same amount of a good no matter what the price is, which is not the case here.

B. Steep: This would mean that consumers would buy significantly less of a good if the price increases, but not necessarily stop buying it altogether.

C. Horizontal: This would mean that consumers would buy an infinite amount of a good if the price was zero, and none of it if the price was anything above zero. This is not the case here.

D. Vertical: This means that consumers will buy a certain amount of a good at a certain price, but if the price increases even a little, they will stop buying it altogether. This is the case described in the question.

Which term describes a demand curve that shows that no consumer will buy a good if the price increases even a little?A.FlatB.SteepC.HorizontalD.Vertical

Question

Which term describes a demand curve that shows that no consumer will buy a good if the price increases even a little?

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