A Perfectly Elastic Demand Curve

question 16

Multiple Choice

A perfectly elastic demand curve

• A)can be represented by a line parallel to the vertical axis.
• B)is a 45-degree line.
• C)can be represented by a line parallel to the horizontal axis.
• D)cannot be represented on a two-dimensional graph.

---

Definitions:

Regression

A statistical technique used to model and analyze the relationship between a dependent variable and one or more independent variables.

Historical Managerial Performance

An assessment of past achievements and effectiveness of managers in their professional roles, often used for future planning and development.

Graphical Techniques

Various methods of using graphs, charts, and other visuals to analyze data, present information, or solve problems.

Intermediate Period

A timeframe between the short-term and long-term, often context-dependent, affecting planning and decision-making processes.