A demand curve that is perfectly horizontal is
A) perfectly elastic.
B) perfectly inelastic.
C) relatively elastic
D) relatively inelastic.
Correct Answer:
Verified
Q3: An elasticity of 2 would be considered
A)elastic.
B)inelastic.
C)unit
Q4: If price falls from $100 to $99
Q5: Assume that demand is elastic.Of the elasticities
Q6: An elasticity of 0.75 means that a
Q7: If demand is elastic and price is
Q9: If demand is inelastic and price is
Q10: When the price of CD players increases
Q11: The lowest possible elasticity shown here is
A)10.
B)1.0.
C)0.1.
D)0.01.
E)0.001.
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