A Perfectly Elastic Demand Curve Exhibits

question 206

Multiple Choice

A perfectly elastic demand curve exhibits

• A) zero responsiveness to changes in price.
• B) that quantity demanded will decrease to zero when there is a slight increase in the price level.
• C) a change in quantity demanded that is proportional to the change in price.
• D) a change in quantity demanded that is always twenty percent of the change in price.

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Definitions:

Sequence Structure

A set of code statements executed in order, one after the other, often used to describe the basic flow of a program.

Selection

The process of choosing between two or more paths in programming based on conditions, often implemented with if-else and switch statements.

Iteration

The process of repeating a set of instructions or steps a specific number of times or until a certain condition is met in programming.

Invocation

The act of calling or executing a function or a method in programming.