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5.2 Polar cases of elasticity and constant elasticity  (Page 8/11)

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  • Card 8 / 11:
    infinite elasticity

    the extremely elastic situation of demand or supply where quantity changes by an infinite amount in response to any change in price; horizontal in appearance

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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