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A Horizontal Demand Curve Indicates Perfectly Elastic Demand

question 248

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A horizontal demand curve indicates perfectly elastic demand.


Definitions:

Compounds

Substances formed by the chemical combination of two or more elements in definite proportions.

React

To undergo or cause to undergo a chemical reaction transforming chemical substances.

Formula Unit

The lowest whole number ratio of ions represented in an ionic compound.

Ionic Compound

A chemical substance wherein ions are connected via electrostatic forces, a phenomenon termed as ionic bonding.

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