Perfecly elastic demand means that price elasticity of demand is infinite. Perfectly elastic demand means that demand curev is a horizontal line.
Correct option is
Horizontal straight line
Question 7 point What is the slope of perfectly elastic demand curve? a Downward from left...
A perfectly elastic demand curve is: Select one: O a. upward sloping b. downward sloping Oc. horizontal O d. vertical Answers Jump to
1. A perfectly inelastic demand curve is (Click to select) A. downward-sloping B horizontal C vertical D upward-sloping . Price elasticity of demand is equal to (Click to select) A. -∞ B 0 C -1 2. A perfectly elastic demand curve is (Click to select) A. downward-sloping B horizontal C vertical D upward-sloping . Price elasticity of demand is equal to (Click to select) A. -∞ B 0 C -1 3. Along a linear demand curve that is neither perfectly inelastic nor perfectly elastic, price elasticity...
Question 16 A perfectly elastic demand curve is vertical. horizontal. upward sloping. curvilinear.
Question 16 1 pts A demand curve, which is perfectly inelastic: can be represented by a line parallel to the vertical axis. O can be represented by a line parallel to the horizontal axis. O rises upward and to the right, but has a constant slope. O cannot be shown on a two-dimensional graph. - Previous Next →
A perfectly ___ demand curve is _____. An example of a good with this type of demand is ______. A) elastic, horizontal, food B) inelastic, vertical, insulin C) inelastic, vertical, Pepsi
When large changes in price lead to no changes in quantity demanded, demand is perfectlyGroup of answer choicesinelastic, and the demand curve will be vertical.inelastic, and the demand curve will be horizontal.elastic, and the demand curve will be vertical.elastic, and the demand curve will be horizontal.
2. In a perfectly competitive industry, an individual firm's demand curve will be: a) Perfectly elastic. b) Perfectly inelastic. c) Downward sloping to the right. d) Upward sloping to the right. 3. A firm in a competitive market will seek to... a) Minimize total costs. b) Maximize total revenue. c) Minimize marginal cost. d) Maximize the difference between total revenue and total cost. e) Maximize the difference between marginal revenue and marginal cost. In the short-run, if a firm's marginal...
the demand curve facing the monopoly is A) perfectly elastic B) perfectly inelastic C) the market demand curve for the product D) Upward slopping
A monopoly has A. A perfectly elastic demand curve B. A perfectly elastic supply curve C. An inelastic demand curve D. less elastic demand curve than a competitive firm
QUESTION 9 The perfectly competitive firm faces a downward sloping demand curve. constant marginal costs. a horizontal supply function. perfectly elastic demand. QUESTION 10 The short-run industry supply curve slopes up because the law of diminishing marginal product applies in the short run. wages increase as the industry increases output. the firms eventually experience diseconomies of scale. the higher price is needed to get more firms to enter the industry.