If Demand Is Perfectly Elastic Everywhere Along the Demand Curve

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.

---

Definitions:

Wild Mood Swings

Rapid and intense changes in emotional state without a clear cause.

Hallucinations

Perceptions in the absence of external stimuli that have qualities of real perception, often experienced in auditory or visual forms.

Delusions

False, unusual, and sometimes magical beliefs that are not part of an individual’s culture.

Sensory Experiences

The perceptions and sensations directly resulting from stimuli impinging upon the sensory organs of an individual.