Fill in the blank with appropriate alternatives given below: Perfectly elastic demand curve is ________________.

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KollegeApply · Accepted Answer

Perfectly elastic demand curve is horizontal to OX axis. Explanation: Demand for a good is said to be perfectly elastic when the demand is infinitely responsive to changes in price. In other words, even a small change in price brings about a large change in demand. Such a demand curve is a horizontal straight line parallel to x-axis.

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