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Complete the correlation: Rectangular hyperbola : ______ : Steeper demand curve : Relatively inelastic demand. - Economics

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Complete the correlation:

Rectangular hyperbola : ______ : Steeper demand curve : Relatively inelastic demand.

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Solution

Rectangular hyperbola : Unitary elastic demand : Steeper demand curve : Relatively inelastic demand.

Concept: Types of Price Elasticity of Demand
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APPEARS IN

Balbharati Economics 12th Standard HSC Maharashtra State Board
Chapter 3.2 Elasticity of Demand
Exercise | Q 3. (2) | Page 35
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