menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 19: Demand and Supply Elasticity
  5. Question
    If Demand Is Perfectly Elastic Everywhere Along the Demand Curve
Solved

If Demand Is Perfectly Elastic Everywhere Along the Demand Curve

Question 233

Question 233

Multiple Choice

If demand is perfectly elastic everywhere along the demand curve, then


A) people must be irrational.
B) the demand curve is vertical.
C) the demand curve is a rectangular hyperbola.
D) the demand curve is horizontal.

Correct Answer:

verifed

Verified

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

Related Questions

Q228: For which of the following would the

Q229: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the

Q230: Why can cross price elasticity of demand

Q231: After full adjustment to a price change

Q232: The demand curve for gasoline should be<br>A)

Q234: For which of the following purchases would

Q235: Suppose that the demand for movie tickets

Q236: The absolute price elasticity of demand for

Q237: The cross elasticity of demand is<br>A) the

Q238: When total revenue remain unchanged when there

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