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प्रश्न
The demand curve is parallel to the X-axis in the case of ______.
पर्याय
perfectly elastic demand
perfectly inelastic demand
relatively elastic demand
relatively inelastic demand
MCQ
रिकाम्या जागा भरा
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उत्तर
The demand curve is parallel to the X-axis in the case of perfectly elastic demand.
Explanation:
A demand curve parallel to the X-axis represents perfectly elastic demand. When there is no change in the price of a commodity, or even a negligible change in price leads to an infinite change in its quantity demanded, it is called perfectly elastic demand. In such a situation, consumers can demand an infinite quantity at the prevailing price, causing the demand curve to take the form of a horizontal straight line parallel to the X-axis.
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