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When a Demand Curve Is Perfectly Elastic

question 28

Multiple Choice

When a demand curve is perfectly elastic:


Definitions:

Bilateral Tolerance

A type of tolerance that allows a dimension to vary equally in both positive and negative directions from the nominal value.

Plus

A mathematical symbol (+) used to indicate addition or a positive value.

Minus

In engineering and mathematics, "minus" indicates a subtraction operation or a negative value in measurements and tolerances.

Abbreviation

The act of shortening something by omitting letters or using initials.

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