menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 2
  4. Exam
    Exam 6: Elasticity: the Responsiveness of Demand and Supply
  5. Question
    A Demand Curve That Is Horizontal Indicates That the Commodity
Solved

A Demand Curve That Is Horizontal Indicates That the Commodity

Question 285

Question 285

Multiple Choice

A demand curve that is horizontal indicates that the commodity


A) has few substitutes.
B) must be very cheap.
C) is a necessity.
D) has a large number of substitutes.

Correct Answer:

verifed

Verified

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

Related Questions

Q280: Economists have estimated that the cross-price elasticity

Q281: The price elasticity of demand for Stork

Q282: The government of Bassaland is looking for

Q283: If the absolute value of the price

Q284: In 2016, Philadelphia imposed a tax of

Q286: What is the relationship between price elasticity

Q287: Suppose the demand curve for a product

Q288: The current price of canvas messenger bags

Q289: The most important determinant of the price

Q290: Total revenue equals<br>A)price per unit times quantity

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