When Small Changes in Price Lead to Infinite Changes in Quantity

question 79

Multiple Choice

When small changes in price lead to infinite changes in quantity demanded, demand is perfectly

• A)elastic, and the demand curve will be horizontal.
• B)inelastic, and the demand curve will be horizontal.
• C)elastic, and the demand curve will be vertical.
• D)inelastic, and the demand curve will be vertical.

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