Refer to the above graph. Which of the following statements is correct?
A)Demand is perfectly elastic.
B)Demand is perfectly inelastic.
C)Supply is perfectly elastic.
D)Supply is perfectly inelastic.

Question

Refer to the above graph. Which of the following statements is correct?
A)Demand is perfectly elastic. 
B)Demand is perfectly inelastic. 
C)Supply is perfectly elastic. 
D)Supply is perfectly inelastic.

Quizplus · Accepted Answer

The Answer of  Refer to the above graph. Which of the following statements is correct?
A)Demand is perfectly elastic. 
B)Demand is perfectly inelastic. 
C)Supply is perfectly elastic. 
D)Supply is perfectly inelastic.

Refer to the Above Graph