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प्रश्न
When the demand curve has the shape of rectangular hyperbola curve, the price elasticity of demand at all the points will be ______.
पर्याय
greater than one
less than one
equal to one
infinity
MCQ
रिकाम्या जागा भरा
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उत्तर
When the demand curve has the shape of rectangular hyperbola curve, the price elasticity of demand at all the points will be equal to one.
Explanation:
A rectangular hyperbola represents unitary elastic demand throughout its range. Thus, elasticity is equal to one at every point on the curve.
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