# Solved > 31) If the price elasticity of demand is:1925780 …

31) If the price elasticity of demand is infinite, demand is:

A) upward sloping.

B) inelastic.

C) elastic.

D) perfectly elastic.

32) If the price elasticity of demand is very elastic, which of the following could be a possible value of the elasticity?

A) 2

B) 1

C) 1/3

D) 0

33) If the price elasticity of demand for water is inelastic, which of the following could be a possible value of the elasticity?

A) 2

B) 1

C) 0.5

D) all of the above

34) If Juan purchases the same number of gallons of gasoline per week regardless of changes in gasoline price, Juan’s demand for gasoline is:

A) perfectly elastic.

B) elastic.

C) perfectly inelastic.

D) inelastic.

35) If the demand curve is a vertical line, it means that:

A) regardless of price, the quantity demanded is a constant amount.

B) regardless of quantity, the price is a constant amount.

C) the good is inferior.

D) the good has many substitutes.

36) If, regardless of price, the quantity demanded is a constant amount, then the demand curve is:

A) horizontal.

B) vertical.

C) upward sloping.

D) downward sloping.

37) If the quantity demanded is infinitely responsive to any change in price, the demand curve is:

A) upward sloping.

B) downward sloping.

C) horizontal.

D) vertical.

38) In the case of perfectly elastic demand, the demand curve is:

A) upward sloping.

B) downward sloping.

C) vertical.

D) horizontal.

39) In the case of perfectly inelastic demand, the demand curve is:

A) upward sloping.

B) downward sloping.

C) vertical.

D) horizontal.

40) If demand is perfectly inelastic, the price elasticity of demand is equal to:

A) 1.

B) 0.

C) infinity.

D) a negative number between 0 and infinity.

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