Exhibit 5-15 Which demand curve in Exhibit 5-15 is perfectly elastic?
A)the curve in graph a
B)the curve in graph b
C)the curve in graph c
D)the curve in graph d
E)the curve in graph e

Question

Exhibit 5-15  Which demand curve in Exhibit 5-15 is perfectly elastic?
A)the curve in graph a 
B)the curve in graph b 
C)the curve in graph c 
D)the curve in graph d 
E)the curve in graph e

Quizplus · Accepted Answer

A perfectly elastic demand curve is a horizontal line, which means that any change in price results in an infinite change in quantity demanded. Only curve B is perfectly horizontal and thus is the perfectly elastic demand curve in Exhibit 5-15.

Exhibit 5-15 Which Demand Curve in Exhibit 5-15 Is