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单词 perfectly elastic demand
释义

perfectly elastic demand

Definition
A theoretical economic situation in which the interest of consumers in purchasing a business' product is extinguished if the price of the product rises or consumer interest rises to infinity if the price falls. In a perfectly elastic demand situation, the responsiveness of demand to a change in price or the price elasticity is infinite, thereby resulting in a flat demand curve.
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更新时间:2025/3/13 20:24:58