If the Demand for a Good Is Perfectly Elastic, the Price

question 287

Multiple Choice

If the demand for a good is perfectly elastic, the price elasticity of demand is ________ and the demand curve is ________.

• A) infinite; vertical
• B) zero; vertical
• C) zero; horizontal
• D) infinite; horizontal

---

Definitions:

Deserts

Arid and dry landscapes that receive extremely low amounts of precipitation, making them unlikely to support much life.

Response Combinations

The possible outcomes or sets of responses available in a study or experimental design, often observed in surveys, psychological experiments, or statistical analyses.

Political Policy

A plan or course of action, as of a government, political party, or business, intended to influence and determine decisions, actions, and other matters.

Probability

A measure of the likelihood that an event will occur, expressed as a number between 0 (impossibility) and 1 (certainty).