-Refer to the above figure. Demand is
A) perfectly elastic.
B) unitary elastic.
C) perfectly inelastic.
D) undetermined without more information.

Name: -Refer to the above figure. Demand is A) perfectly elastic. B) unitary elastic. C) perfectly inelastic. D) undetermined without more information.
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Question

-Refer to the above figure. Demand is
A) perfectly elastic. 
B) unitary elastic. 
C) perfectly inelastic. 
D) undetermined without more information.

Quizplus · Accepted Answer

Demand is perfectly elastic because the demand curve is a horizontal line, which means that the quantity demanded does not change in response to changes in price.

-Refer to the Above Figure. Demand Is