Chapter 4 - Elasticity - Sample Questions MULTIPLE CHOICE ...

32)A good with a horizontal demand curve has a demand A)with an income elasticity of demand of 0. B)with a price elasticity of demand of infinity. C)for which there are no substitute. D)with a price elasticity of demand of 0. 32) 33)The demand curve in the figure above illustrates a product whose demand has a price elasticity of demand equal to ... ................
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