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11 July, 15:25

A demand curve that is horizontal indicates that the commodity

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  1. 11 July, 15:30
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    When a product has a horizontal demand curve, it means that its elasticity is said to be perfectly elastic. When the price of a perfectly elastic good or service rises above the market price, the amount demanded falls to zero. With perfect elasticity, consumers merely aren’t willing to spend more than a detailed price for a good or service. Meaning that the product has many substitutes.
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