If Demand Is Perfectly Elastic, the Demand Curve Is Horizontal

question 216

True/False

If demand is perfectly elastic, the demand curve is horizontal, and the price elasticity of demand equals 1.

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Definitions:

Mate Guarding

Efforts to prevent one’s sexual partner from mating with someone else in order to avoid the costs of rearing offspring that do not help to propagate one’s genes.

Propagate Genes

The process of passing genetic information from one generation to the next through reproduction.

Rearing Offspring

The process of raising and nurturing young, including aspects of feeding, protection, and teaching, typically observed in humans and animals.

Evolutionary Perspective

An approach in various disciplines that examines how evolutionary theory explains human behaviors, traits, and societal structures.