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प्रश्न
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
उत्तर
A perfectly elastic demand curve is parallel to the X-axis because the buyers are willing to buy any quantity at a given price.
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संबंधित प्रश्न
Which is the implication of a horizontal demand curve?
The demand curve is horizontal
What will be the value of price elasticity in this case?
Match the following and select the correct option.
| Column I | Column II | ||
| (i) | Perfectly elastic demand | A. | Ed = 0 |
| (ii) | Perfectly inelastic demand | B. | Ed = ∞ |
| (iii) | Relatively elastic demand | C. | Ed < 1 |
| (iv) | Relatively inelastic demand | D. | Ed > 1 |
When is the demand for a commodity said to be perfectly inelastic?
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A fall in the price of a commodity increases total expenditure.
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A fall in the price of commodity, the total expenditure remains the same.
What is price elasticity of demand for life saving drugs?
Why is market demand curve more elastic than an individual demand curve?
What is the price elasticity of demand for the following demand curve:
Straight line demand curve parallel to Y-axis.
What is the price elasticity of demand for the following demand curve:
Rectangular hyperbola.
