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A perfectly price inelastic demand curve will be a ________ line.

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A perfectly price inelastic demand curve will be a ________ line.

Question 1.

Demand determines ________ entirely when ________ is perfectly inelastic.

▸ quantity; supply

▸ price and quantity; supply

▸ price; supply

▸ price and quantity; demand

Question 2.

A perfectly price inelastic demand curve will be a ________ line.

▸ horizontal

▸ vertical

▸ positively sloped

▸ negatively sloped

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 75 times

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