A Perfectly Elastic Demand Curve for a Firm

question 71

Multiple Choice

A perfectly elastic demand curve for a firm

• A)is represented by a vertical line.
• B)means that with every unit price increase there will be a unit decrease in demand.
• C)is formulated by P × Q = a constant, for all prices and quantities.
• D)indicates that any increase in price will eliminate all purchases of its product.

---

Definitions:

Atoms

The basic units of matter consisting of a nucleus surrounded by electrons, making up all chemical elements.

Lattice

A regular, repeated three-dimensional arrangement of atoms, ions, or molecules in a metal or other crystalline solid.

Octahedron

A geometric shape with eight faces, often used to describe the structure of certain crystals or molecules.

Tetrahedron

A polyhedron with four triangular faces, six straight edges, and four vertex corners.