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
Under what conditions does the supply of good exhibit unitary elasticity?
Mention one example of inelastic demand. Give a reason in support of your answer.
What is meant by unitary elastic demand?
When is the demand for a commodity said to be perfectly inelastic?
Explain the different types of price elasticity of demand.
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
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
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 cigar by a chain 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 personal computers
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 precious stones and costly jewellery
