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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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