Economics · Microeconomics
If the demand curve is a straight line parallel to the horizontal X-axis, the price elasticity of demand is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Infinite (e p =∞)✓
- 2Zero (e p =0)
- 3Unitary (e p =1)
- 4Less than one (e p <1)
Correct answer
Infinite (e p =∞)
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