Suppose the Demand Curve for Good X Is Horizontal

question 39

Multiple Choice

Suppose the demand curve for good X is horizontal.This shows that the demand for good X is

• A)unit elastic.
• B)inelastic.
• C)perfectly elastic.
• D)perfect inelastic.
• E)elastic.

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Definitions:

Conflict

A situation where individuals or groups have opposing interests, ideas, or beliefs that clash.

Diversity

All forms of difference among individuals, including culture, gender, age, ability, religion, personality, social status, and sexual orientation.

Uncertainty Avoidance

A cultural dimension that reflects the extent to which members of a society attempt to cope with anxiety by minimizing uncertainty.

Diversity

The inclusion of individuals from various backgrounds, cultures, races, genders, sexual orientations, etc., enriching a community or organization.