Answered: A horizontal demand curve represents:…

A horizontal demand curve represents: a. Perfectly inelastic demand . b. Perfectly elastic demand. c. Unit elastic demand None of the above

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 3CQQ: A linear, downward-sloping demand curve is a. inelastic b. unit elastic. c. elastic. d. inelastic at...

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A horizontal demand curve represents: a. Perfectly inelastic demand . b. Perfectly elastic demand. c. Unit elastic demand None of the above .

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