मराठी

The following diagram represents ______ elastic demand for commodity X.

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प्रश्न

The following diagram represents ______ elastic demand for commodity X.

The diagram shows a downward-sloping demand curve DD, indicating an inverse relationship between price and quantity demanded. As price falls, quantity demanded increases.

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उत्तर

The following diagram represents highly elastic demand for commodity X.

The diagram shows a downward-sloping demand curve DD, indicating an inverse relationship between price and quantity demanded. As price falls, quantity demanded increases.

Explanation:

The diagram represents a relatively flat downward-sloping demand curve, indicating highly elastic demand. A vertical curve would be perfectly inelastic, while a horizontal curve would be perfectly elastic.

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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 4: Elasticity of Demand - OBJECTIVE QUESTIONS [पृष्ठ ४.३७]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 4 Elasticity of Demand
OBJECTIVE QUESTIONS | Q 7. | पृष्ठ ४.३७
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