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If the Demand for Cream Cheese Produced by a Dairy

Question 109

Multiple Choice

If the demand for cream cheese produced by a dairy is perfectly elastic,then what will be the shape of the demand curve faced by the dairy?


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 be concave

Correct Answer:

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