For Any Horizontal Demand Curve,the Calculated Price Elasticity of Demand

question 38

Multiple Choice

For any horizontal demand curve,the calculated price elasticity of demand is:

• A)0.
• B)1.
• C)infinity.
• D)equal to the price of the good.

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Definitions:

Endemic Species

A species found only in the region where it evolved.

Habitat Destruction

The process by which a natural habitat becomes incapable of supporting its native species, leading to a loss of biodiversity.

Plastic Trash

Waste material consisting of discarded items made of plastic, often found polluting environments such as oceans, rivers, and landscapes.

Durable Items

Goods or products designed to last for a long period without frequent replacement, typically including appliances, cars, and furniture.