A Perfectly Elastic Demand Curve Has a Slope of ________

question 79

Multiple Choice

A perfectly elastic demand curve has a slope of ________ while a perfectly inelastic demand curve has a slope of ________.

• A)infinity; 0
• B)1; 0
• C)0; 1
• D)0; infinity

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Definitions:

Sustainable Innovation

The development of new products, processes, or services that meet current needs without compromising the ability of future generations to meet their own needs, often with a focus on environmental sustainability.

Quarterly Earnings

A report of a company's financial performance, including revenue and profit, issued every three months.

Resource Constraints

Limitations in the availability of resources such as finances, materials, and human capital that can affect an organization's ability to achieve its goals.

Short-termism

A mindset or approach prioritizing short-term gains over long-term goals and strategies.