A good with a horizontal demand curve has a demand
A) with an income elasticity of demand equal to 0.
B) with a price elasticity of demand equal to 0.
C) with a price elasticity of demand equal to infinity.
D) for which there are no substitutes.
Correct Answer:
Verified
Q89: Q90: Q90: Q92: If the price elasticity of demand for Q93: If the demand curve for oranges is Q95: Unit elastic demand means that the Q96: If the price elasticity of demand for Q97: Freezing temperatures in California have sharply reduced Q98: When the demand for a good is Q99: Demand is price elastic if a Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) ratio
A) relatively
