Exhibit 5-19 
-The curve shown in Exhibit 5-19 could represent
A) perfectly elastic demand or supply
B) perfectly inelastic supply or perfectly elastic demand
C) perfectly elastic supply or perfectly inelastic demand
D) perfectly inelastic supply or demand
E) perfectly inelastic supply or demand which is unit elastic
Correct Answer:
Verified
Q151: If the price of a good doubles
Q162: Exhibit 5-21 Q164: If income rises and the demand for Q165: Exhibit 5-21 Q165: A perfectly elastic supply curve Q166: If income rises and the demand for Q169: Which supply curve is more elastic in Q174: The most important determinant of price elasticity Q177: If output in the calculator market increases Q180: Price elasticity of demand and price elasticity
A)has no relevance,
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