Multiple Choice
Exhibit 5.8
-Refer to Exhibit 5.8,which shows a horizontal line.The curve could represent a _____
A) perfectly elastic demand or supply curve.
B) perfectly inelastic supply curve or a perfectly elastic demand curve.
C) perfectly elastic supply curve or a perfectly inelastic demand curve.
D) perfectly inelastic supply or demand curve.
E) perfectly inelastic supply curve or a unit-elastic demand curve.
Correct Answer:

Verified
Correct Answer:
Verified
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