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Question
Draw a diagram showing a perfectly elastic demand curve.
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Similar Questions
Q1
Draw two demand curves showing relatively price elastic demand and perfectly price elastic demand.
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Q2
Show with the help of a diagram, the effect on equilibrium price and quantity when: (i) Demand is perfectly elastic and supply decreases. (ii) Supply is perfectly inelastic and demand increases. (iii) The demand curve is perfectly elastic and the supply curve shifts outwards.
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Which of the following diagrams depicts the perfectly elastic demand curve?
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