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A perfectly elastic demand implies that: (i) any rise in price above that represented by the demand curve will result in a quantity demanded (ii)

A perfectly elastic demand implies that:

(i) any rise in price above that represented by the demand curve will result in a quantity demanded

(ii) buyers will not respond to any change in price.

(iii) quantity and price demand respond proportionally

(iv) price will rise by an infinite amount when there is a change in quantity demanded.

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