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A perfectly elastic demand curve: choose the correct asnwer Multiple Choice slopes downward, reflecting the law of demand can be represented by a line parallel
A perfectly elastic demand curve:
choose the correct asnwer
Multiple Choice
- slopes downward, reflecting the law of demand
- can be represented by a line parallel to the vertical axis
- is impossible to graph given only the variables of price and quantity demanded
- slopes upward and to the right, breaking the law of demand
- can be represented by a line parallel to the horizontal axis
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