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Question 23

A demand curve which is parallel to the horizontal axis is:

  • A.perfectly inelastic
  • B.perfectly elastic
  • C.relatively inelastic
  • D.relatively elastic
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2011/2012
Question no.
#23
Type
Objective
Previous · Q22For a bicycle company, an economist predicted that, other things being equal, a… Next · Q24 Allocative efficiency occurs only at that output where:

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