If the Demand Curve for a Product Is Horizontal, Then

question 12

Multiple Choice

If the demand curve for a product is horizontal, then what is the elasticity of demand?

• A) equal to zero
• B) equal to one
• C) greater than one, but less than infinity
• D) equal to infinity

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Definitions:

Hallucinations

Perceptual experiences without the presence of an external stimulus, which are real to the person experiencing them, often seen in mental health conditions.

Dream-like Experiences

Mental experiences that occur in a state of consciousness resembling dreaming, whether in sleep or waking life.

Impaired Thinking

Refers to a decrease in the ability to think clearly, process information, make decisions, or understand concepts.

Ambivalence

The state of having mixed feelings or contradictory ideas about something or someone.