Advertisements
Advertisements
प्रश्न
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is ______.
पर्याय
Zero
Infinite
> 1
1
Advertisements
उत्तर
A demand curve which takes the form of a vertical line parallel to the price axis illustrates elasticity, which is zero.
Explanation:
A demand curve that forms a vertical line parallel to the price axis illustrates zero elasticity (perfectly inelastic demand). This means that the quantity demanded does not change regardless of the price.
APPEARS IN
संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Under what conditions does the supply of good exhibit unitary elasticity?
Which of the following goods have inelastic demand?
In case of Ed = 0, demand curve is ______.
Mention one example of inelastic demand. Give a reason in support of your answer.
What is unitary elastic demand? Draw a diagram to illustrate it.
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
When is the demand for a commodity said to be perfectly inelastic?
Define perfectly elastic demand.
