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Author Question: A perfectly horizontal demand curve has a price elasticity of demand of (Read 41 times)

dusk108

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on: Oct 12, 2022

Question 1




FIGURE 4-1

Refer to Figure 4-1, which shows two demand curves, one linear and the other a rectangular hyperbola. The price elasticity of demand is equal to one along the entire demand curve in


◦ diagram 1 only.
◦ diagram 2 only.
◦ both diagrams.
◦ neither diagram.

Question 2

A perfectly horizontal demand curve has a price elasticity of demand of
◦ infinity.
◦ unity.
◦ less than one.
◦ zero.
◦ not defined.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dusk108 on Oct 12, 2022

as4309

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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dusk108

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

nyrave

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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