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What is the implication of a vertical demand curve? - Economic Applications

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प्रश्न

What is the implication of a vertical demand curve?

विकल्प

  • Perfectly inelastic demand

  • Perfectly elastic demand

  • Relatively inelastic demand

  • Unitary elastic demand

MCQ

उत्तर

Perfectly inelastic demand

Explanation:

A vertical demand curve implies that the quantity demanded does not change regardless of price changes, which is the definition of perfectly inelastic demand.

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अध्याय 2: Elasticity of Demand - QUESTIONS [पृष्ठ ४१]

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गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
अध्याय 2 Elasticity of Demand
QUESTIONS | Q 15. | पृष्ठ ४१
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