CFA Practice Question

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CFA Practice Question

A price taker faces a demand curve that ______

A. has an elasticity of zero.
B. is perfectly elastic.
C. is perfectly inelastic.
Correct Answer: B

User Contributed Comments 2

User Comment
Thescholar The demand is perfectly elastic for the company but downward sloping for the market
dmfz The market will get as much quantity as possible.
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