A Perfectly Elastic Demand Curve for a Firm

question 71

Multiple Choice

A perfectly elastic demand curve for a firm

• A)is represented by a vertical line.
• B)means that with every unit price increase there will be a unit decrease in demand.
• C)is formulated by P × Q = a constant, for all prices and quantities.
• D)indicates that any increase in price will eliminate all purchases of its product.

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Definitions:

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