The perfectly elastic demand curve.

Expert Solution & Answer

Explanation of Solution

A perfectly elastic demand curve is horizontal because the demand is infinite at a particular given price of a good. If there is any slight change in the price then also the demand is infinite and the demand curve remains flat to x-axis.

Therefore, the correct option is d, it is horizontal

Economics Concept Introduction

Introduction:

A demand curve shows a graphical representation of relationship between price and demand that represents how change in price affects the quantity demanded.

Chapter 47, Problem 2CYU

Chapter 47, Problem 2MCQ

Chapter 47 Solutions

Krugman's Economics For The Ap® Course

Ch. 47 - Prob. 1CYU Ch. 47 - Prob. 2CYU Ch. 47 - Prob. 1MCQ Ch. 47 - Prob. 2MCQ Ch. 47 - Prob. 3MCQ Ch. 47 - Prob. 4MCQ Ch. 47 - Prob. 5MCQ Ch. 47 - Prob. 6MCQ Ch. 47 - Prob. 7MCQ Ch. 47 - Prob. 1FRQ

Ch. 47 - Prob. 2FRQ

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