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With the Help of a Diagram Define Perfectly Elastic Demand - ICSE Class 10 - Economics

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Question

With the help of a diagram define perfectly elastic demand

Solution

The demand curve is parallel to the x-axis. A small change in the price causes an infinitely large change in the amount demanded. The demand curve indicates perfectly elastic demand for the commodity.

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APPEARS IN

 2016-2017 (March) (with solutions)
Question 1.3 | 2.00 marks
Solution With the Help of a Diagram Define Perfectly Elastic Demand Concept: Elasticity of Demand and Elasticity of Supply.
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