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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
Under what conditions does the supply of good exhibit unitary elasticity?
Degrees of price elasticity of demand is of ______ types.
When despite of no change in the price of the good, its quantity demanded increases from 10 units to 15 units, then coefficient of price elasticity will be ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
Mention the degree of price elasticity of demand for the following goods:
School uniform
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
Study the table given below and state whether demand is elastic or inelastic. Give reasons for your answer.
| Price in ₹ | Total outlay ₹ |
| 5 | 25 |
| 3 | 18 |
What is meant by unitary elastic demand?
What is price elasticity of demand for life saving drugs?
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
