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प्रश्न
Draw a diagram showing a perfectly elastic demand curve.
उत्तर
संबंधित प्रश्न
Identify the type of goods having price elasticity of demand greater than 1:
Degrees of price elasticity of demand is of ______ types.
The demand curve is vertical
What will be the value of price elasticity in this case?
Match the following:
| Column I | Column II |
| A. Perfectly Elastic | (i) Ed = 0 |
| B. Perfectly Inelastic | (ii) Ed = infinity |
| C. Highly Elastic | (iii) Ed < I |
| D. Less Elastic | (iv) Ed > I |
Would the elasticity of demand in the following case be unity, less than unity or greater than unity?
A rise 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.
For each of the following, state whether it has inelastic demand or elastic demand:
- Luxury cars
- Life saving drugs
- Salt
- English textbook of class X
Indicate the degree of elasticity of demand of the following demand curves.
A perfectly elastic demand curve is parallel to the X-axis. Why or why not?
Why is market demand curve more elastic than an individual demand curve?
