A demand curve that is parallel to the horizontal axis is:

A) perfectly inelastic.
B) perfectly elastic.
C) relatively inelastic.
D) relatively elastic.

Question

A demand curve that is parallel to the horizontal axis is:A)  perfectly inelastic.B)  perfectly elastic.C)  relatively inelastic.D)  relatively elastic.

Abdullah Cheema · Accepted Answer

Final Answer : B, Explanation :  A demand curve that is perfectly elastic means that any increase in price will cause consumers to completely stop buying the good, resulting in zero quantity demanded. This is represented by a horizontal line at a specific price level.

A demand curve that is parallel to the horizontal axis is:

A) perfectly inelastic.
B) perfectly elastic.
C) relatively inelastic.
D) relatively elastic.

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