If the Demand for Cream Cheese Produced by a Dairy

question 109

Multiple Choice

If the demand for cream cheese produced by a dairy is perfectly elastic,then what will be the shape of the demand curve faced by the dairy?

• A)The demand curve will be vertical
• B)The demand curve will be horizontal
• C)The demand curve will be upward sloping
• D)The demand curve will be downward sloping
• E)The demand curve will be concave

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Definitions:

Energy Scarcity

The lack of sufficient available energy resources to meet the demands of consumption.

Crude Oil

A naturally occurring, unrefined petroleum product used as a raw material for fuel and other chemical products.

Per Capita Energy Consumption

Per Capita Energy Consumption measures the average amount of energy used per person within a specific area or country, indicating the level of energy efficiency and lifestyle standards.

Energy Information Administration

A U.S. Government agency that provides official energy statistics and analysis.