If the Demand Curve for Corn Is Horizontal, the Price

question 85

Multiple Choice

If the demand curve for corn is horizontal, the price elasticity of demand for corn _____.

• A) is equal to 0
• B) is equal to 1
• C) is equal to infinity
• D) lies between 0 and 1

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Definitions:

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PhD in Psychology

An advanced academic degree focusing on the study of the mind and behavior, leading to a Doctor of Philosophy in Psychology.

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