On a price/quantity graph, a straight horizontal demand curve
a. has zero price elasticity.
b. is perfectly elastic.
c. is perfectly inelastic.
d. is perfectly unit elastic.
b. is perfectly elastic.
Economics
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a. True b. False Indicate whether the statement is true or false
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Elasticity of demand is likely to be higher for less-expensive goods, other things being equal
a. True b. False Indicate whether the statement is true or false
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