A demand curve which is ________ represents perfectly inelastic demand, and a demand curve which is ________ represents perfectly elastic demand. vertical; horizontal upward sloping; horizontal horizontal; downward sloping downward sloping; vertical

A demand curve which is represents perfectly inelastic demand, and a demand curve which is represents perfectly elastic demand. vertical; horizontal upward sloping; horizontal horizontal; downward sloping downward sloping; vertical

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter19: Elasticity

Section: Chapter Questions

Problem 2QP: For each of the following, identify where demand is elastic, inelastic, perfectly elastic, perfectly...

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A demand curve which is ________ represents perfectly inelastic demand, and a demand curve which is ________ represents perfectly elastic demand.

vertical; horizontal

upward sloping; horizontal

horizontal; downward sloping

downward sloping; vertical

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