EBF 200 Quiz 2 - Points Awarded 10.00 Points Missed Percentage 0.00 100 1 If we say a good is perfectly elastic then A The price of the good always

EBF 200 Quiz 2 - Points Awarded 10.00 Points Missed...

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Points Awarded 10.00 Points Missed 0.00 Percentage 100% 1.If we say a good is “perfectly elastic”, then: A) The price of the good always changes with number soldB) The price elasticity of demand is positive infinityC) All of the answers listed hereD) The demand curve will have a slope of zeroFeedback: A perfectly elastic good has a horizontal demand curve, which has a slope of zero. Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): D 2.For goods with relatively elastic demand curve: Table for Individual Question Feedback Points Earned: 1.0/1.0 Correct Answer(s): A
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