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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![5. The horizontal demand curve
parallel to x-axis implies that the
elasticity of demand is
A. O Zero
B. O Infinite
C. O Equal to 1
D.
Greater than zero but less than
infinity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffa44b4e5-9e86-4cbd-8f4f-1ee362a53153%2F68fcf9ef-7a9e-478a-9a9f-79132c6b48e0%2Frz739lr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:5. The horizontal demand curve
parallel to x-axis implies that the
elasticity of demand is
A. O Zero
B. O Infinite
C. O Equal to 1
D.
Greater than zero but less than
infinity
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