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Concept Version 5
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Long Run Market Equilibrium

Perfectly Elastic Demand

Perfectly Elastic Demand

In a perfectly competitive market, demand is perfectly elastic.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Elasticity-elastic."
    http://en.wikipedia.org/wiki/File:Elasticity-elastic.png Wikipedia CC BY-SA.

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