Economics · Theory of Demand
When the demand curve for a commodity is parallel to the horizontal X-axis, the price elasticity of demand for that commodity is said to be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Relatively Elastic
- 2Unitary Elastic
- 3Perfectly Elastic (Infinite)✓
- 4Perfectively Inelastic (Zero)
Correct answer
Perfectly Elastic (Infinite)
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