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It would be referred to as Perfectly Elastic. This suggest that Price and Quantity are less involved if at all. More exactly, goods are only bought and sold at one price; this would occur in a situation with identical products being offered in a market. For example, think of gasoline. Picture two gas stations at an intersection. If one gas station were to raise prices by five or ten cents, most or all of the customers would buy gas from the cheaper station.

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