Multiple Choice
If the demand curve for a good is a horizontal line,then the good has
A) zero income elasticity.
B) price elasticity of demand equal to zero.
C) a perfectly elastic demand.
D) a price elasticity of demand that is likely to rise in the short run.
E) a price elasticity of demand that is likely to fall in the short run.
Correct Answer:
Verified
Correct Answer:
Verified
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