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Complete the following statement: Price elasticity of demand on a linear demand curve at the X axis is ________. - Economics

MCQ

Complete the following statement:

Price elasticity of demand on a linear demand curve at the X-axis is ________.

Options

  • zero

  • one

  • infinity

  • less than one

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Solution

Price elasticity of demand on a linear demand curve at the X-axis is zero.

Concept: Types of 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 1. (1) | Page 34
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