If a demand curve is the line defined by P = $5,the absolute value of the price elasticity of demand is:
A)5.
B)0.2.
C)0.
D)infinity.

Name: If a demand curve is the line defined by P = $5,the absolute value of the price elasticity of demand is: A)5. B)0.2. C)0. D)infinity.
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Question

Quizplus · Accepted Answer

A horizontal demand curve displays infinite price elasticity.If the curve is defined as the line P = $5,it is a horizontal line at price of $5.

If a Demand Curve Is the Line Defined by P