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प्रश्न
With the help of a diagram define perfectly elastic demand.
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उत्तर
The demand curve runs parallel to the x-axis. A little change in price results in an indefinitely huge change in the quantity needed. The demand curve represents completely elastic demand for the commodity.
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संबंधित प्रश्न
With the help of a graph explain a perfectly inelastic demand curve.
Which is the implication of a horizontal demand curve?
Which of the following goods have inelastic demand?
Identify elastic demand when value of Ed is ______.
What is unitary elastic demand? Draw a diagram to illustrate it.
Draw a diagram showing elasticity of demand less than one.
Mention the degree of price elasticity of demand for the following goods:
Medicine
When is the demand of a commodity said to be inelastic?
What is meant by unitary elastic demand?
When is the demand for a commodity said to be perfectly inelastic?
