Question

When the slope of demand curve =$\infty$, price elasticity of demand =0.

• A. True
• B. False

Answer 1

The correct option is A True

True. We know,

$E_d=\frac{1}{Slopeofdemandcurve}\times \frac{P}{Q}$
=$\frac{1}{\infty }\times \frac{P}{Q}=0$