Answered: Perfectly inelastic demand curve should…

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Economics

Perfectly inelastic demand curve should be Horizontal line

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 34P: The equation for a demand curve is P=2/Q. What is the elasticity of demand as price falls from 5 to...

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Quèstion 6
Perfectly inelastic demand curve should be Horizontal line
O True
O False

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