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प्रश्न
Which is the implication of a horizontal demand curve?
पर्याय
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.
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संबंधित प्रश्न
Degrees of price elasticity of demand is of ______ types.
The demand curve is horizontal
What will be the value of price elasticity in this case?
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| Column I | Column II |
| A. Goods whose close substitutes are available | (i) Perfectly elastic demand |
| B. Goods whose demand cannot be postponed | (ii) Perfectly inelastic demand |
| C. Goods whose quantity demanded does not respond to price change | (iii) Elastic demand |
| D. Goods which are perfect substitutes | (iv) Inelastic demand |
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