​A Perfectly Elastic Demand Curve

question 32

Multiple Choice

​A perfectly elastic demand curve

• A)​Is a horizontal line parallel to the x axis
• B)Has an elasticity of demand between 0 and 1
• C)Is the demand curve of a product that usually has no substitutes
• D)​None of the above

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Definitions:

Self-efficacy

The belief in one's own ability to succeed in specific situations or accomplish a task.

Verbal Persuasion

A method of influencing someone's behavior, beliefs, or attitudes using words and communication.

Physiological Arousal

A physical state of alertness and activation, often a response to stimuli that involves changes in bodily functions.

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