Multiple Choice
Which of the following statements is FALSE?
A) A good with a vertical demand curve has a perfectly inelastic demand.
B) A good with a straight line, downward sloping demand curve has a demand whose elasticity is constant.
C) A good with a horizontal demand curve has a perfectly elastic demand.
D) All of the above statements are false.
Correct Answer:
Verified
Correct Answer:
Verified
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