A perfectly elastic demand curve
A)can be represented by a line parallel to the vertical axis.
B)is a 45-degree line.
C)can be represented by a line parallel to the horizontal axis.
D)cannot be represented on a two-dimensional graph.

Question

Quizplus · Accepted Answer

A perfectly elastic demand curve is represented by a line parallel to the horizontal axis, indicating that consumers are willing to purchase any quantity at one price, but none at a higher price.

A Perfectly Elastic Demand Curve