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Identify and define the degrees of elasticity of demand from the following demand curve. Perfectly Elastic Demand: - Economics

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प्रश्न

Identify and define the degrees of elasticity of demand from the following demand curve.

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उत्तर

Perfectly Elastic Demand: When a slight or zero change in the price brings about an infinite change in the quantity demanded of that commodity, it is called perfectly elastic demand. In this case, Ed = ∞.

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पाठ 3.2: Elasticity of Demand - EXERCISE [पृष्ठ ३६]

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बालभारती Economics [English] Standard 12 Maharashtra State Board
पाठ 3.2 Elasticity of Demand
EXERCISE | Q 7. 1) b) | पृष्ठ ३६
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