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प्रश्न
A perfectly inelastic demand curve is parallel to 'Y' axis.
उत्तर
True, perfectly inelastic demand curve is parallel to the 'Y' axis.
Explanation:
Perfectly inelastic demand implies that there is no change in quantity demanded with a change in the prices of that good. This is shown on a graph by a straight line parallel to 'Y' axis.
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