Advertisements
Advertisements
प्रश्न
Which is the implication of a horizontal demand curve?
विकल्प
Perfectly elastic demand
Perfectly inelastic demand
Inelastic demand
Elastic demand
उत्तर
Perfectly elastic demand
Explanation:
A horizontal demand curve implies that the demand is perfectly elastic, meaning that consumers will buy any quantity of the good at a specific price. Still, if the price changes even slightly, the quantity demanded will drop to zero.
APPEARS IN
संबंधित प्रश्न
Analyse the given graphs and identify the type of elasticity of demand of:
- Picture 1
- Picture 2
Degrees of price elasticity of demand is of ______ types.
Which of the following goods have inelastic demand?
From the following goods, demand for which is inelastic?
What is unitary elastic demand? Draw a diagram to illustrate it.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Select the commodities from the following which have inelastic demand:
Mention the degree of price elasticity of demand for the following goods:
Air conditioners
What is the price elasticity of demand for the following demand curve?
Rectangular hyperbola
A list of goods is given below. state whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
Demand for personal computers
