HSC Arts 12th Board ExamMaharashtra State Board
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A Perfectly Inelastic Demand Curve is Parallel to 'Y' Axis. - HSC Arts 12th Board Exam - Economics

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Question

A perfectly inelastic demand curve is parallel to 'Y' axis.

Solution

 True, perfectly inelastic demand curve is parallel to the 'Y' axis.

Explanation:
Perfectly inelastic demand implies that there is no change in quantity demanded with a change in the prices of that good. This is shown on a graph by a straight line parallel to 'Y' axis.

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APPEARS IN

 2013-2014 (March) (with solutions)
Question 1.3.1 | 1.00 mark
Solution A Perfectly Inelastic Demand Curve is Parallel to 'Y' Axis. Concept: Types of Demand.
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