Economics A Level (DONEEEEEEE): What is Perfectly Elastic Demand?

Question

What is Perfectly Elastic Demand?

eric_galvao · Accepted Answer

-This is when the PED is + or - Infinity 
-This means that any Price Increase leads to a Demand Blackout - it Falls to 0. 
-Therefore it is Illustrated as a Horizontal Line in a Diagram. 
-It has only 1 Fixed Price where Consumers are Happy with.

Economics A Level (DONEEEEEEE)

What is Perfectly Elastic Demand?

-This is when the PED is + or - Infinity -This means that any Price Increase leads to a Demand Blackout - it Falls to 0. -Therefore it is Illustrated as a Horizontal Line in a Diagram. -It has only 1 Fixed Price where Consumers are Happy with.

Author