A horizontal demand curve has a price elasticity of demand equal to
A) 1.
B) 0.
C) infinity.
D) 0 at low quantities and 1 at higher quantities.

Name: A horizontal demand curve has a price elasticity of demand equal to A) 1. B) 0. C) infinity. D) 0 at low quantities and 1 at higher quantities.
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Question

Quizplus · Accepted Answer

A horizontal demand curve indicates that the quantity demanded changes infinitely for any small change in price, which means the price elasticity of demand is infinite.

A Horizontal Demand Curve Has a Price Elasticity of Demand