Answer to Question #206594 in Microeconomics for ggboya

Question #206594

. When price-consumption curve is horizontal (refer the graph), the demand is -----------------------------.

a.

Inelastic

b.

Perfectively elastic

c.

Unitary elastic

d.

Elastic

Expert's answer

b) Perfectively elastic

Learn more about our help with Assignments: Microeconomics

No comments. Be the first!

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…