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Question
Perfectly inelastic demand curve is parallel to the X-axis.
Perfectly inelastic demand curve is parallel to the X-axis.
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Solution
The correct option is B False
True. Perfectly elastic demand curve is parallel to X axis or say is a horizontal straight line. This is because at the given price the quantity demanded is infinite, even if there is a slight change in the price the demand becomes infinity and hence the curve is flat.
True. Perfectly elastic demand curve is parallel to X axis or say is a horizontal straight line. This is because at the given price the quantity demanded is infinite, even if there is a slight change in the price the demand becomes infinity and hence the curve is flat.
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