If the Demand Curve for a Product Is Horizontal, Then

question 191

Multiple Choice

If the demand curve for a product is horizontal, then

• A) the demand for the good is perfectly inelastic.
• B) consumers are not responsive to price changes.
• C) its price elasticity of demand approaches infinity.
• D) consumers may purchase all they want to at the established market price.

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Definitions:

Melanesian Ceremonial

pertains to the diverse range of traditional rites, practices, and social ceremonies found within the Melanesian islands, reflecting the cultural and spiritual life of the communities.

Woven Grasses

Materials made from various types of grass that are woven together to create objects, textiles, or artworks, showcasing craftsmanship and natural beauty.

Canoe Prow

The front part of a canoe, often artistically designed and carved, especially significant in cultures with strong canoe-building traditions.

Stylized Serpent

An artistic representation of a serpent, rendered in a manner that emphasizes certain features while simplifying or abstracting others.