If demand for a seller 39 s product is perfectly elastic which of the following is correct ...........

If demand for a seller's product is perfectly elastic, which of the following is correct?

There is no incentive to sell at a price below the market price.

It will not sell any output at all if it tries to price its product above the market price.

There are a very large number of perfect substitutes for the seller's product.

All of the above answers are correct.

All of the above answers are correct.

Submit Error