Advertisements
Advertisements
प्रश्न
The demand curve is horizontal
What will be the value of price elasticity in this case?
पर्याय
Ed = 0
Ed > 1
Ed = ∞
Ed = 0
उत्तर
Ed = ∞
APPEARS IN
संबंधित प्रश्न
Define the form of market which has a perfectly elastic demand curve.
Assertion (A): The recent war in Israel will impact key imports to India, which include rough cut and polished diamonds.
Reasoning (R): Diamonds are luxury goods having relatively elastic demand.
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 fall 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.
Draw a diagram showing the Elasticity of demand less than one.
Indicate the degree of elasticity of demand of the following demand curves.
Why is market demand curve more elastic than an individual demand curve?
