1
Question
A demand curve, which takes the form of a horizontal line parallel to the quantity axis illustrates elasticity, which is ____________.
A demand curve, which takes the form of a horizontal line parallel to the quantity axis illustrates elasticity, which is ____________.
Open in App
Solution
The correct option is D infinite
A demand curve which is represented by a horizontal line parallel to the quantity axis (x axis) illustrates elasticity, which is infinite, implying perfectly elastic demand.
A demand curve which is represented by a horizontal line parallel to the quantity axis (x axis) illustrates elasticity, which is infinite, implying perfectly elastic demand.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
