Author Question: The price elasticity of demand for a demand curve that has a zero slope is A) zero. B) one. ... (Read 70 times)

evelyn o bentley · **on:** Jul 1, 2018

The price elasticity of demand for a demand curve that has a zero slope is

A) zero.
B) one.
C) negative but approaches zero as consumption increases.
D) infinity.

Question 2

A local restaurant sells strawberry pie for 3.00 per slice. However, if you order the prime rib dinner, you can get a slice of pie for only a dollar. This is an example of

A) bundling.
B) second-degree price discrimination.
C) a two-part tariff.
D) tying.
E) none of the above