Question

A perfectly elastic demand curve implies that the firm: Multiple Choice must lower price to sell more output can sell as much
0 0
Add a comment Improve this question Transcribed image text
Answer #1

A perfectly elastic demand curve is the curve in which change in price is constant for any number of output

It is horizontal line in the demand curve .

The demand can be l homogeneous as well as heterogeneous product .

So the only option true here is option B

Perfect elastic dorsord Curse Charge in Price Ap zo]

Add a comment
Know the answer?
Add Answer to:
A perfectly elastic demand curve implies that the firm: Multiple Choice must lower price to sell...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT