Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

Find out more

Basic Question 0 of 7

A price taker faces a demand curve that ______

A. has an elasticity of zero.
B. is perfectly elastic.
C. is perfectly inelastic.
Check Answer Next Q Print

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.
You need to log in first to add your comment.
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

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

CFA® 2026 Level I Curriculum, Volume 1, Module 1.