The horizontal demand curve parallel to x-axis implies that the elasticity of demand is Options: A . &nbspZero B . &nbspInfinite C . &nbspEqual to 1 D . &nbspGreater than zero but less than infinity

The horizontal demand curve parallel to x-axis implies that the elasticity of de

Question

The horizontal demand curve parallel to x-axis implies that the elasticity of demand is

Options:

A . Zero

B . Infinite

C . Equal to 1

D . Greater than zero but less than infinity

Answer: Option B
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is infinite.It is zero when the demand curve is parallel to the y-axis.

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