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Lakayla Williams
on Nov 30, 2024

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The curve in the above graph

A) is a perfectly elastic demand curve.
B) is a perfectly inelastic demand curve.
C) is a very elastic demand curve.
D) is a very inelastic demand curve.

Perfectly Elastic

A situation in economics where the quantity demanded or supplied responds infinitely to changes in price.

Demand Curve

A graphical representation showing the quantity of a good that consumers are willing and able to purchase at various prices.

  • Interpret demand curves and the elasticity at various points.
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Shirley DzagaliDec 03, 2024
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