Question

When slope of demand curve $=0$, price elasticity of demand =$\infty$

• A. True
• B. False

Answer 1

The correct option is A True

True. We know,
$E_d=\frac{1}{Slopeofdemandcurve}\times \frac{P}{Q}$
=$\frac{1}{0}\times \frac{P}{Q}=\infty$