A ________ line is a perfectly price elastic demand curve.
A) horizontal
B) vertical
C) positively sloped
D) negatively sloped

Name: A ________ line is a perfectly price elastic demand curve. A) horizontal B) vertical C) positively sloped D) negatively sloped
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Question

Quizplus · Accepted Answer

A horizontal line represents a perfectly price elastic demand curve, indicating that consumers are willing to buy any quantity at a specific price, but no quantity at a price even slightly higher.

A ________ Line Is a Perfectly Price Elastic Demand Curve