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
Solution 1
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 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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