A Horizontal Demand Curve Represents

question 19

Multiple Choice

A horizontal demand curve represents:

• A) Perfectly inelastic demand.
• B) Perfectly elastic demand.
• C) Unit elastic demand.
• D) None of the above.

---

Definitions:

Journal Entries

Recorded transactions in the accounting system that show the effects of financial events on the accounts of a company.

Investment Account

An account held at a financial institution that contains securities, cash, and other investment vehicles.

Related Income

Income that arises from transactions or relationships between entities that have a special connection or are part of the same group.

Revaluation

An adjustment of the book value of an asset or currency to its fair market value, often affecting the financial statements of a company.