A Perfectly Elastic Demand Curve Will

question 29

Multiple Choice

A perfectly elastic demand curve will:

• A)be a vertical straight line.
• B)be a downward sloping straight line.
• C)be a horizontal straight line.
• D)be an upward sloping straight line.

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Definitions:

Linear Equation

An equation that makes a straight line when plotted on a graph, typically of the form \(ax + by = c\).

Solve

To find the value or values that satisfy an equation, inequality, or other mathematical problem.

Linear Equation

A mathematical equation where every term is a constant or the multiplication of a constant with one variable, resulting in a graph that outlines a straight line.

Solve

Refers to finding the value or values that satisfy an equation or system of equations.