Why is Perfectly elastic demand curve parallel to X-axis.
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Perfectly elastic demand curve is parallel to X axis or say is a horizontal straight line. This is because at the given price the quantity demanded is infinite, even if there is a slight change in the price the demand becomes infinity and hence the curve is flat.
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Explanation:
Perfectly elastic demand curve is parallel to X axis or say is a horizontal straight line. This is because at the given price the quantity demanded is infinite, even if there is a slight change in the price the demand becomes infinity and hence the curve is flat.
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