Advertisements
Advertisements
प्रश्न
With the help of a diagram, show how equilibrium price and quantity of a commodity are affected when supply is perfectly elastic and demand increases.
आकृती
अति संक्षिप्त उत्तर
Advertisements
उत्तर
When supply is perfectly inelastic (a vertical line), a change in demand changes the price, but the quantity stays the same.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 6: Market Mechanism: Equilibrium Price and Quantity in a Competitive Market - TEST YOURSELF QUESTIONS [पृष्ठ ११४]
