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With the help of a diagram define perfectly elastic demand. - Economics

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प्रश्न

With the help of a diagram define perfectly elastic demand.

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उत्तर

The demand curve runs parallel to the x-axis. A little change in price results in an indefinitely huge change in the quantity needed. The demand curve represents completely elastic demand for the commodity.

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Degrees (Or Kinds) of Price Elasticity of Demand
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 3: Elasticity of Demand - Exercise [पृष्ठ ७५]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
अध्याय 3 Elasticity of Demand
Exercise | Q 2. | पृष्ठ ७५
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