Economics · Elasticity of Demand
If the demand curve is a straight line parallel to the horizontal axis, what will be the price elasticity of demand?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Infinite (CP=∞)✓
- 2Zero
- 3Unitary
- 4Less than one
Correct answer
Infinite (CP=∞)
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