menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Principles and Policy Study Set 2
  4. Exam
    Exam 6: Demand and Elasticity
  5. Question
    A Horizontal Demand Curve Is Perfectly Elastic Because a Change
Solved

A Horizontal Demand Curve Is Perfectly Elastic Because a Change

Question 148

Question 148

True/False

A horizontal demand curve is perfectly elastic because a change in price will induce an infinite change in quantity demanded.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q143: The price elasticity of a horizontal demand

Q144: If seller increases the price of the

Q145: The local symphony recently raised its price

Q146: The demand curve depicts quantities demanded that

Q147: A horizontal demand curve is perfectly elastic

Q149: An article in the Wall Street Journal

Q150: Figure 6-5 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 6-5

Q151: Figure 6-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 6-3

Q152: Demand elasticity equals quantity times price.

Q153: A decrease in the price of rice

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines