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Julio Robles
on Oct 12, 2024

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A demand curve that is perfectly horizontal is

A) perfectly elastic.
B) perfectly inelastic.
C) relatively elastic
D) relatively inelastic.

Perfectly Horizontal

Describes a line or curve on a graph that has a slope of zero, indicating no change.

Demand Curve

Illustrates the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Relatively Elastic

Describes a situation where a small change in price leads to a greater change in quantity demanded or supplied.

  • Discern the distinctions between elastic, inelastic, and unit-elastic demand.
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EW
Emily WileyOct 12, 2024
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