When Is Demand Perfectly Elastic? When Is Demand Perfectly Inelastic

question 224

Essay

When is demand perfectly elastic? When is demand perfectly inelastic? What are the values of the price elasticity of demand when demand is perfectly elastic or perfectly inelastic? What do perfectly elastic and perfectly inelastic demand curves look like?

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Definitions:

W Mode

A mode for opening files in which the file is written; if the file already exists, its content is overwritten.

W+ Mode

In file handling, "W+ mode" allows for both writing and reading from a file, and will create a new file if it doesn't exist or truncate it to zero length if it does.

Physically Placed

Refers to the actual location or arrangement of components or objects in the physical world or on a storage medium.

Fopen() Function

A command in many programming languages used to open a file and associate it with a stream.