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Along a perfectly elastic demand curve, a. the quantity demanded is always the same b. the price elasticity of supply is always the same c. the price is always the same d. the cross-price elasticity o

User Blackhole
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✷ Answer

The correct answer is (c) the price is always the same.

Along a perfectly elastic demand curve, any change in price will result in an infinite change in quantity demanded. This means that the price is always the same, regardless of the quantity demanded. The price elasticity of demand is infinite along a perfectly elastic demand curve.

The price elasticity of supply and the cross-price elasticity are not relevant to a perfectly elastic demand curve.

User Jeswang
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