A Horizontal Demand Curve Indicates

question 50

Multiple Choice

A horizontal demand curve indicates:

• A) a perfectly inelastic demand.
• B) quantity demanded will drop to zero if the price increases by any amount.
• C) price elasticity is 1.
• D) price is not important in this market.

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Definitions:

Amplitude

The magnitude or intensity of a wave's oscillation, such as in sound waves or electromagnetic waves, indicating the strength or power of the wave.

Sound Waves

Audible waves that transit through the air or various media, detectable when they come into contact with the auditory organs of humans or animals.

Alpha Waves

These are brain waves detected by electroencephalography (EEG), typically indicating a state of wakeful relaxation.

Oval Window

A membrane-covered opening at the base of the stapes bone in the middle ear that transfers sound vibrations to the cochlea.