Multiple Choice
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
-If the demand for cream cheese produced by a dairy is perfectly elastic, then:
A) the demand curve will be vertical.
B) the demand curve will be horizontal.
C) the demand curve will be upward sloping.
D) the demand curve will be downward sloping.
E) the demand curve will initially slope upward and then slope upward.
Correct Answer:

Verified
Correct Answer:
Verified
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