Advertisements
Advertisements
प्रश्न
True or False with Reason:
In case of horizontal straight line demand curve, demand does not change even with change in price.
चूक किंवा बरोबर
Advertisements
उत्तर
This statement is false.
Explanation:
- A horizontal straight line demand curve represents perfectly elastic demand, where price elasticity of demand is infinity.
- At a given price, demand is infinite, and even a slight rise in price reduces demand to zero.
- So demand changes drastically with a change in price, not remains unchanged.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
