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Basic Question 3 of 10

A price taker faces a demand curve that ______

A. has an elasticity of zero.
B. is perfectly elastic.
C. is perfectly inelastic.
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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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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly

CFA® 2025 Level I Curriculum, Volume 1, Module 1.