If Demand Is Perfectly Elastic, the Demand Curve Is Horizontal

question 216

True/False

If demand is perfectly elastic, the demand curve is horizontal, and the price elasticity of demand equals 1.

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Definitions:

Savory

Relating to food that is salty or spicy rather than sweet, with a pleasant, appealing taste.

Tear Production

The process of secreting tears by the lacrimal glands, which is essential for eye health and emotion expression.

Earwax

A natural substance produced in the ear canal that protects the ear from dust, foreign particles, and microorganisms.

Impaction

A condition where material, such as feces, becomes tightly lodged in a passage or cavity of the body, causing obstruction.