In a horizontal straight line demand curve, the price elasticity of demand is:

Related MCQs

• Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:
• If the quantity demanded remains unchanged as the price of the commodity falls, the coefficient of price elasticity of demand is:
• If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
• If a positively sloped linear supply curve passes through the origin, the elasticity of supply is
• The horizontal supply curve parallel to quantity axis represents
• For complementary goods, the cross elasticity of demand:
• Income elasticity of demand for inferior good is:
• In the case of luxury goods, the income elasticity of demand will be:
• If the income elasticity of demand is greater than one, then the commodity is:
• If the income elasticity of demand for a commodity is found to be 0.4, then the commodity concerned is: