nathan16041 nathan16041

14-01-2021
Business

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) The price elasticity of demand for alfalfa is perfectly elastic. Thus, the price elasticity demand for alfalfa is

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AFOKE88 AFOKE88

14-01-2021

Answer:

Infinity

Explanation:

In economics, we say that demand is perfectly elastic when the Price elasticity of demand coefficient is equal to infinity. This is because in the scenario that demand is perfectly elastic, it means that the buyers will only buy at just one price.

Thus, the price elasticity demand for alfalfa will be infinity.

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