Advertisements
Advertisements
प्रश्न
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
Advertisements
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.
APPEARS IN
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 ______.
With the help of a diagram define perfectly elastic demand.
Mention one example of inelastic demand. Give a reason in support of your answer.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Select the commodities from the following which have inelastic demand:
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
demand for school uniform
