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Question
The demand curve is parallel to the X-axis in the case of ______.
Options
perfectly elastic demand
perfectly inelastic demand
relatively elastic demand
relatively inelastic demand
Solution
Demand curve is parallel to X-axis, in case of perfectly elastic demand.
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RELATED QUESTIONS
When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is ______.
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Questions:
- Identify the types of price elasticity of demand from above diagram. (2m)
- Write slope of demand curve in above diagrams. (2m)
Explain the types of price elasticity of demand.
When the percentage change in quantity demanded is Less than the percentage change in price the demand curve is ______
Identify and explain the following concept.
Ramesh's demand for salt remained unchanged lnspite of a 10% rise in its price.
Study the following figure and answer the question given below it.
Identify the price elasticity of demand from the following diagram:
Study the following figure and answer the question given below it.
Identify the price elasticity of demand from the following diagram:
Study the following figure and answer the question given below it.
Identify the price elasticity of demand from the following diagram:
Study the following figure and answer the question given below it.
Identify the price elasticity of demand from the following diagram:
The price elasticity of demand on a linear demand curve at the Y-axis is equal to ______.
Distinguish between:
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Identify and explain the concept from the given illustration:
A fall in the price of ice cream by 50% resulted in a 20% rise in its demand.
Complete the correlation:
Relatively inelastic demand : Perishable goods : : Relatively elastic demand : ______.
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Give an economic term:
Type of elasticity of demand having the value of elasticity of demand as one.
Find the odd word out:
Products having relatively inelastic demand:
Distinguish between:
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