If demand is perfectly elastic everywhere along the demand curve, then
A) people must be irrational.
B) the demand curve is vertical.
C) the demand curve is a rectangular hyperbola.
D) the demand curve is horizontal.

Question

Quizplus · Accepted Answer

When demand is perfectly elastic, the demand curve is horizontal, indicating that consumers are willing to buy any quantity at a specific price, but no quantity at a price even slightly higher.

If Demand Is Perfectly Elastic Everywhere Along the Demand Curve