A demand curve that is parallel to the horizontal axis is
A)perfectly inelastic.
B)perfectly elastic.
C)relatively inelastic.
D)relatively elastic.

Name: A demand curve that is parallel to the horizontal axis is A)perfectly inelastic. B)perfectly elastic. C)relatively inelastic. D)relatively elastic.
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Question

Quizplus · Accepted Answer

A demand curve that is parallel to the horizontal axis indicates that consumers are willing to purchase the same quantity regardless of price changes, which is characteristic of perfect elasticity.

A Demand Curve That Is Parallel to the Horizontal Axis