Economics · Elasticity of Demand
When the demand for a commodity is perfectly elastic, the shape of the demand curve is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Upward sloping from left to right
- 2Horizontal parallel to the X-axis✓
- 3Downward sloping from left to right
- 4Vertical parallel to the Y-axis
Correct answer
Horizontal parallel to the X-axis
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