Advertisements
Advertisements
प्रश्न
Define perfectly elastic demand.
Advertisements
उत्तर
Perfectly elastic demand means that quantity demanded will increase to infinity when the price decreases and quantity demanded will fall to zero when price increases.
APPEARS IN
संबंधित प्रश्न

Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
With the help of a graph explain a perfectly inelastic demand curve.
Which of the following goods has elastic demand?
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Bicycles
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Select the commodities from the following which have inelastic demand:
Indicate the degree of elasticity demand of the following demand curves.

The value of price elasticity of demand is 0.8. Is demand elastic or inelastic? Give reason.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
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 electricity
