Perfectly elastic demand is a theoretical concept in economics that describes a situation where the quantity demanded of a product is infinitely sensitive to changes in price. In other words, a slight change in price leads to an infinite change in quantity demanded. This type of demand curve is...
The law of diminishing marginal utility___.A.suggests that total utility will eventually decrease if enough of the good is consumedB.suggests that as a consumer buys more of a good, its price will dropC.provides an explanation for perfectly elastic demand curvesD.suggests that as a individual...
Given a relatively, but not perfectly, price elastic supply curve, an increase in demand will certainly: A. raise price but leave quantity sold unchanged. B. raise price and increase quantity sold. C. lower price, since supply cannot increase except through the inducement of higher price. D....
A pure monopolistic demand curve is the industry demand curve. Following a rightward shift a demand curve, demand will be less elastic at any given price. True False Explain. If the demand curve is a linear function of price, then the price elasticity of demand is the same ...
如果需求曲线是完全弹性的，价格上涨会导致需求量下降到零。如果供给曲线是完全弹性的，一个非常小的价格上涨将导致一个非常大的供给量增加。你说的很对。
A perfectly elastic demand curve has a slope of _ while a perfectly inelastic demand curve has a slope of _. A.0; 1 B.infinity; 0 C.0; infinity D.1; 0 正确答案:0; infinity 点击查看答案
Answer to: In a perfectly competitive market, a company demand curve is a. perfectly elastic b. perfectly inelastic c. imperfect d. market...
Infinite Elasticity. This shows a perfectly elastic demand curve. The horizontal line shows that an infinite quantity will be demanded at a specific price. The quantity demanded is extremely responsive to price changes, moving from zero for prices close to P to infinite when prices reach P. ...
True, because a perfectly elastic demand curve is horizontal. Therefore, no matter what the shift is the equilibrium price will always remain the same. (See graph.) 3. What is the difference between elastic and perfectly elastic? The demand for a good is said to be elastic (or relatively ...
Given a relatively, but not perfectly, price elastic supply curve, an increase in demand will certainly:().A.raise price but leave quantity sold unchangedB.raise price and increase quantity soldC.lower price, since supply cannot increase ex..