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When the demand curve is horizontal elasticity is?Perfectly elasticity of demand has a horizontal demand curve, parallel to the X-axis. Elasticity of demand of perfectly elastic demand curve is infinite and the slope is zero.
What does a horizontal demand curve indicate about the price elasticity of demand quizlet?A horizontal demand curve means quantity demanded is infinitely responsive to price changes. Elasticity is infinite.
What does a horizontal demand curve indicate about the price elasticity of demand?A perfectly elastic demand curve is represented by a straight horizontal line and shows that the market demand for a product is directly tied to the price. In fact, the demand is infinite at a specific price. Thus, a change in price would eliminate all demand for the product.
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