A Perfectly Horizontal Demand Curve Has

question 394

Multiple Choice

A perfectly horizontal demand curve has

• A) zero elasticity.
• B) some positive finite elasticity.
• C) negative elasticity.
• D) perfect elasticity.

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Definitions:

Concedes

The act of acknowledging or yielding to another's point, request, or judgment, often after a period of resistance or dispute.

Compromising

A conflict resolution strategy where each party gives up something to reach a mutually acceptable solution.

Satisfied

The state of being content or fulfilled with a situation, outcome, or transaction.

Accommodation

An adaptation or adjustment made to suit a new condition or environment; in social relations, the process of adapting or adjusting one's behavior to reduce conflict.