A line that is perfectly elastic has an elasticity of demand of zero.

Name: A line that is perfectly elastic has an elasticity of demand of zero.
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Question

Quizplus · Accepted Answer

A perfectly elastic demand means that the quantity demanded changes infinitely as the price changes. This means that even a slight change in price will result in a large change in quantity demanded. Therefore, the elasticity of demand for a perfectly elastic line is infinite, not zero.

A Line That Is Perfectly Elastic Has an Elasticity of Demand