Maharashtra State BoardHSC Arts 12th Board Exam
Advertisement Remove all ads

Define Or Explain the Concept Perfectly Elastic Demand - Economics

Define or Explain the concept 

 Perfectly elastic demand  

Advertisement Remove all ads

Solution

Perfectly elastic demand implies ‚Äčthat the demand is infinitely responsive to any change in the price of the good. Such demand curve is a horizontal straight line parallel to the 'x' axis. Here, Ed = 0.

Concept: Types of Demand
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×