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

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Question

Complete the following statement:

Price elasticity of demand on a linear demand curve at the Y-axis is equal to ________.

Options

  • zero

  • one

  • infinity

  • greater than one

MCQ
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Solution

Price elasticity of demand on a linear demand curve at the Y-axis is equal to infinity

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Chapter 3.2: Elasticity of Demand - EXERCISE [Page 34]

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Balbharati Economics [English] Standard 12 Maharashtra State Board
Chapter 3.2 Elasticity of Demand
EXERCISE | Q 1. 2) | Page 34
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