Suppose the Demand Curve for Good X Is Horizontal

question 152

Multiple Choice

Suppose the demand curve for good X is horizontal. This shows that the demand for good X is

• A)unit elastic.
• B)inelastic.
• C)perfectly elastic.
• D)perfectly inelastic.
• E)elastic.

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Definitions:

Chalalán

A community-based ecotourism project located in Madidi National Park, Bolivia, known for its emphasis on sustainable development and indigenous participation.

Economic

Relating to the production, consumption, and transfer of wealth.

Religious

Pertaining to or connected with a belief in a higher power or the practice of worship, devotion, and observance of faith traditions.

Farming Societies

Societies that are primarily engaged in agriculture, relying on the cultivation of plants and the raising of livestock for their livelihood.