A Horizontal Demand Curve Is Perfectly Elastic Because a Change

question 147

True/False

A horizontal demand curve is perfectly elastic because a change in price will not induce a change in quantity demanded.

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Definitions:

Company Check

A company check is a check issued by a business from its own account to pay for goods, services, or obligations.

Withdrawals

Amounts of money taken out from a business by its owners for personal use, reducing the owner's equity.

Parasympathetic Nerve

Nerves of the parasympathetic nervous system that help slow down the body's activity and allow the body to rest and digest.

Parasitic Worms

Organisms that live off of other organisms, causing harm to their hosts, and include species such as tapeworms, roundworms, and flukes.