Why is perfectly elastic demand curve parallel to x-axis?

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Perfectly elastic demand curve is parallel to x-axis because as a result of the slightest change in price, there is an infinite change in the quantity demanded

kratos · Answer 1 · 2020-02-15T01:20:27+0000

Perfectly elastic demand curve is parallel to x-axis because as a result of the slightest change in price, there is an infinite change in the quantity demanded

Why is perfectly elastic demand curve parallel to x-axis?

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Why is perfectly elastic demand curve parallel to x-axis?

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1 Answer

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