The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-A horizontal demand curve shows that demand for a good is _____.
A)perfectly inelastic
B)moderately inelastic
C)unit-elastic
D)moderately elastic
E)perfectly elastic

Question

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
 
-A horizontal demand curve shows that demand for a good is _____.
A)​perfectly inelastic 
B)​moderately inelastic 
C)​unit-elastic 
D)​moderately elastic 
E)​perfectly elastic

Quizplus · Accepted Answer

A horizontal demand curve shows that the quantity demanded remains constant regardless of changes in price, meaning that the demand for the good is perfectly elastic.

The Figure Given Below Shows the Demand Curves for Five