Examlex
A perfectly horizontal demand curve has
Output
The total amount of goods or services produced by a business, industry, or economy within a specific period.
Producers
Entities or individuals that create goods or services for sale or exchange in a market.
Market Situations
Relates to the various conditions or scenarios under which markets operate, influenced by factors like competition, demand, and supply.
Perfectly Elastic
A market situation in which the quantity demanded or supplied responds infinitely or vastly to a change in price.
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