If a demand curve has a zero slope (horizontal line), demand is A. inelastiC. B. unit elastiC. C. perfectly inelastiC. D. perfectly elastiC. E. elastiC.

Question

If a demand curve has a zero slope (horizontal line), demand is A. inelastiC. B. unit elastiC. C. perfectly inelastiC. D. perfectly elastiC. E. elastiC.

Answer 1

The correct answer is D. perfectly elastic.When a demand curve has a zero slope (horizontal line), it means that the quantity demanded is perfectly elastic. This implies that consumers are willing to purchase any quantity of the good at a specific price, and even a small change in price will result in an infinite change in quantity demanded. In this case, the demand is perfectly elastic.

Soru

If a demand curve has a zero slope (horizontal line), demand is A. inelastiC. B. unit elastiC. C. perfectly inelastiC. D. perfectly elastiC. E. elastiC.

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