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:

Personal Freedom

The rights of individuals to act, speak, or think without hindrance or restraint, except in cases where actions harm others.

Memorial Day Massacre

A violent incident on May 30, 1937, where Chicago police shot and killed ten unarmed demonstrators during a steel strike.

UAW Sit-down Strikes

A form of labor protest used by the United Auto Workers in the 1930s, where workers occupied the workplace to prevent the production process, gaining significant victories for union recognition and better wages.

Organized Labor

Groups of workers who unite to negotiate collectively with employers over wages, benefits, working conditions, and other employment terms.