Ask Question
BusinessBusiness
29 July, 06:36

A price elasticity of infinity corresponds to a demand curve that is:

+4
Answers (1)
  1. 29 July, 06:56
    0
    A price elasticity of infinity corresponds to a demand curve that is horizontal. That would be considered perfectly elastic, and in a perfectly elastic demand situation something can sell as much as much as it wants as consumers are ready to purchase a large quantity of product.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “A price elasticity of infinity corresponds to a demand curve that is: ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Consider a firm that produces 500,000 units per year. The firm's fixed costs are $100,000, marginal costs are $250 and the price per unit is $400. In the short-run, how low can price go before it is profitable to shut down? Select one: a. $150 b.
Answers (1)
Teri takes her new puppy to the veterinarian. After he examines the puppy, the vet tells Teri that her puppy needs a series of shots. Teri agrees to the shots since the veterinarian knows way more about animal health than she does.
Answers (1)
What command-prompt command do you use to determine if a drive has bad sectors?
Answers (1)
Consumer Products Corporation wants to make an offering of securities to the public. This offering is not exempt from registration under the Securities Act of 1933. Before the firm sells its securities, it must provide investors with: a.
Answers (1)
One of javier's coworkers was recently promoted to a middle management position at their company. he seems to have quickly distanced himself from javier and their other coworker, carlos.
Answers (1)
New Questions in Business
Question 1 of 10: this will allow you to borrow money to buy a car, but you will have to pay it back with interest over time: a. gift b. lease c. lend-lease d. loan
Answers (2)
If the exchange rate is 1.25 New Zealand dollars per U. S dollar, the price of apples is $2 a pound in the U. S. and 1 New Zealand dollar per pound in New Zealand, what is the real exchange rate? A. 22.5 B. 1.25 C. 2 D. 0.75
Answers (1)
The attitude adopted by Calvin Coolidge that government should play a small role in business affairs is known as what?
Answers (1)
Why is it important to take special steps to format an electronic résumé properly? a. It demonstrates superior knowledge over other candidates b. It shows time went into applying for the position c. It ensures the document is clear and readable d.
Answers (1)
For much of the 1990s, the U. S. economy was experiencing long-run economic growth, low unemployment, and a stable inflation rate. Which of the following would give rise to these outcomes? Choose one: A.
Answers (1)
Home » Business » A price elasticity of infinity corresponds to a demand curve that is:
Sign Up Forgot Password?