What is the definition of Perfectly elastic? | Dictionary.net

PERFECTLY ELASTIC

\pˈɜːfɛktlˌɪ ɪlˈastɪk], \pˈɜːfɛktlˌɪ ɪlˈastɪk], \p_ˈɜː_f_ɛ_k_t_l_ˌɪ_ ɪ_l_ˈa_s_t_ɪ_k]\

Definitions of PERFECTLY ELASTIC

1910 - Black's Law Dictionary (2nd edition)

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In a supply or demand curve, the appearance of infinite price elasticity is known as being 'perfectly elastic'.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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