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The demand curve is horizontal What will be the value of price elasticity in this case? - Economic Applications

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Question

The demand curve is horizontal

What will be the value of price elasticity in this case?

Options

  • Ed = 0

  • Ed > 1

  • Ed = ∞

  • Ed = 0

MCQ
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Solution

Ed = ∞

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Chapter 2: Elasticity of Demand - QUESTIONS [Page 40]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 2 Elasticity of Demand
QUESTIONS | Q 6. (i) | Page 40
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