A Demand Curve to Remain Unit Elastic Along Its Entire

question 94

Multiple Choice

A demand curve to remain unit elastic along its entire length should

• A)cross the X axis.
• B)touch the X axis but not the Y axis.
• C)never touch either the X or the Y axis.
• D)touch the Y axis but not the X axis.

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Definitions:

Credit Sales

Sales made on credit, where the payment from the buyer is deferred to a later date.