Elucidate is demand curve is horizontal

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In which of these instances is demand said to be perfectly inelastic? A. An increase in price of 2% causes a decrease in quantity demanded of 2%. B. A decrease in price of 2% causes an increase in quantity demanded of 0%. C. A decrease in price of 2% causes a decrease in total revenue of 0%. D. The demand curve is horizontal.

Reference no: EM1354295

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