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प्रश्न
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
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उत्तर
A perfectly elastic demand curve is parallel to the X-axis because the buyers are willing to buy any quantity at a given price.
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संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Which is the implication of a horizontal demand curve?
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
In case of Ed = 0, demand curve is ______.
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Rolex watches
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