The List Below Refers to the Price Elasticity of Demand

question 41

Multiple Choice

The list below refers to the price elasticity of demand.
1) perfectly inelastic
2) perfectly elastic
3) unitary elasticity
4) elastic
5) inelastic
-Refer to the information above to answer this question.What is a demand curve that is parallel to the horizontal axis?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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Definitions:

Contributory Negligence

A defense in tort law where the plaintiff's actions contributed to their own harm, potentially reducing or eliminating their right to damages.

Comparative Negligence

A legal doctrine that apportions damages based on the degree of fault of each party in a lawsuit.

Federal Statute

A federal statute is a law enacted by the legislative branch of the federal government of the United States.

Contributory Negligence

A legal doctrine that reduces the amount of damages a plaintiff can recover in a negligence-based claim, based upon the degree to which the plaintiff's own negligence contributed to the cause of the injury.