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प्रश्न
Define the form of market which has a perfectly elastic demand curve.
उत्तर
Perfectly competitive market has a perfectly elastic demand curve. It is a market in which large number of sellers and buyers exist. They have perfect knowledge about goods and services available in the market. This market deals with homogeneous goods and allows free entry and free exit for the firms.
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संबंधित प्रश्न
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| Column I | Column II | ||
| (i) | Perfectly elastic demand | A. | Ed = 0 |
| (ii) | Perfectly inelastic demand | B. | Ed = ∞ |
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