Advertisements
Advertisements
Question
In case of Ed = 0, demand curve is ______.
Options
Horizontal
Vertical
Rectangular hyperbola
None of these
Solution
In case of Ed = 0, demand curve is vertical.
APPEARS IN
RELATED QUESTIONS
With the help of a graph explain a perfectly inelastic demand curve.
Mention one example of inelastic demand. Give a reason in support of your answer.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Matchboxes
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
Rice in West Bengal
Mention the degree of price elasticity of demand for the following goods:
Medicine
What is meant by unitary elastic demand?
When is the demand for a commodity said to be perfectly inelastic?
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
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 school uniform
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 cigar by a chain smoker