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Demand curve is parallel to 'Y' axis in case of ______. - Economics

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Question

Demand curve is parallel to 'Y' axis in case of ______.

Options

  • perfectly elastic demand

  • perfectly inelastic demand

  • relatively elastic demand

  • relatively inelastic demand

MCQ
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Solution

Demand curve is parallel to 'Y' axis in case of perfectly inelastic demand.

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Chapter 3.2: Elasticity of Demand - Complete the following statements

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SCERT Maharashtra Economics [English] 12 Standard HSC
Chapter 3.2 Elasticity of Demand
Complete the following statements | Q 1
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