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What is perfectly elastic demand? - Economics

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प्रश्न

What is perfectly elastic demand?

लघु उत्तरीय
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उत्तर

When consumers are prepared to purchase all that they can get at a particular price but nothing at all at a slightly higher price, then the price elasticity of demand for a commodity is said to be infinite.

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अध्याय 4: Elasticity of Demand - TEST YOURSELF QUESTIONS [पृष्ठ ७२]

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फ्रैंक Economics [English] Class 12 ISC
अध्याय 4 Elasticity of Demand
TEST YOURSELF QUESTIONS | Q 4. | पृष्ठ ७२
आर. के. लेखी और पी. के. धर Economics [English] Class 12 ISC
अध्याय 3 Elasticity of Demand
TEST QUESTIONS | Q A. 3. | पृष्ठ ३.१६
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