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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
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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.
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संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Under what conditions does the supply of good exhibit unitary elasticity?
With the help of a diagram define perfectly elastic demand.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rolex watches
Mention the degree of price elasticity of demand for the following goods:
Cosmetics
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
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?
Straight line demand curve parallel to Y-axis.
