Figure 5.8 shows a horizontal line. The curve shown in the figure below could represent a: Figure 5.8

A)perfectly elastic demand or supply curve.
B)perfectly inelastic supply curve or a perfectly elastic demand curve.
C)perfectly elastic supply curve or a perfectly inelastic demand curve.
D)perfectly inelastic supply or demand curve.
E)perfectly inelastic supply curve or a demand that is unit elastic.

Question

Figure 5.8 shows a horizontal line. The curve shown in the figure below could represent a:​ Figure 5.8

A)perfectly elastic demand or supply curve. 
B)perfectly inelastic supply curve or a perfectly elastic demand curve. 
C)perfectly elastic supply curve or a perfectly inelastic demand curve. 
D)perfectly inelastic supply or demand curve. 
E)perfectly inelastic supply curve or a demand that is unit elastic.

Quizplus · Accepted Answer

The Answer of Figure 5.8 shows a horizontal line. The curve shown in the figure below could represent a:​ Figure 5.8

A)perfectly elastic demand or supply curve. 
B)perfectly inelastic supply curve or a perfectly elastic demand curve. 
C)perfectly elastic supply curve or a perfectly inelastic demand curve. 
D)perfectly inelastic supply or demand curve. 
E)perfectly inelastic supply curve or a demand that is unit elastic.

Figure 58 Shows a Horizontal Line