If demand is perfectly elastic, the demand curve is horizontal, and the price elasticity of demand equals 1
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
The short run is a time period during which
A) some of the firm's resources are fixed. B) all of the firm's resources are fixed. C) all of the firm's resources are variable. D) the fixed cost equals zero. E) the firm cannot increase its output.
Economics
Which of the following can increase customer interest?
a. Advertising b. Promotional activities c. Service d. All of the above
Economics