A perfectly elastic demand implies that:
A) buyers will not respond to any change in price
B) any rise in price above that represented by the demand curve will result in no output demanded
C) price and quantity demanded respond proportionally
D) price will rise by an infinite amount when there is a change in quantity demanded

Question

Quizplus · Accepted Answer

A perfectly elastic demand means that consumers will only purchase at one price, and any increase in price will cause the quantity demanded to drop to zero.

A Perfectly Elastic Demand Implies That