Which of the demand curves shown in this graph is perfectly elastic?

Choose 1 answer:
(A) $D_{1}$
(B) $D_{2}$
(c) $D_{3}$
(D) $D_{4}$
(E) $D_{5}$

Related content
Introduction to price elasticity of demand
Determinants of price elasticity of demand
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Question

Which of the demand curves shown in this graph is perfectly elastic?

Choose 1 answer:
(A) $D_{1}$
(B) $D_{2}$
(c) $D_{3}$
(D) $D_{4}$
(E) $D_{5}$

Related content
Introduction to price elasticity of demand
Determinants of price elasticity of demand
Report a problem

Accepted Answer

∻Solution∻ ‖ a ⋮ Identification of Perfectly Elastic Demand Curve: The perfectly elastic demand curve is represented by a horizontal line on a price-quantity graph, indicating that consumers are willing to purchase any quantity at a specific price, but none at a price even slightly higher. ‖ ∻Answer∻ ⚹ (D) $D_{4}$ ⚹ ∻Key Concept∻ ⚹ Perfectly Elastic Demand ⚹ ∻Explanation∻ ⚹ A perfectly elastic demand curve is horizontal, reflecting that any change in price above the set level will reduce the quantity demanded to zero. In the provided graph, $D_{4}$ is the horizontal line, indicating perfectly elastic demand. ⚹◊What factors determine the price elasticity of demand for a good or service?⍭ Generate me a similar question◊

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