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
Draw a diagram showing a perfectly elastic demand curve.
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?
Which of the following goods has elastic demand?
Study the statement given below and state whether demand will be elastic or inelastic, citing reasons for your answer.
Demand for cigarettes by a habitual smoker.
How do we determine whether the demand for a particular commodity is elastic or inelastic?
Define perfectly elastic demand.
What is price elasticity of demand for life saving drugs?
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 cigar by a chain smoker
