In the case of perfect elasticity, the demand curve is

Related MCQs

• in the case of perfect inelasticity, the demand curve is
• The demand curve of a firm in the case of perfect competition is:
• Exceptional Demand Curve (Perverse demand curve)
• In the case of unitary elastic demand, the shape of demand curve is
• A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:
• Consider a demand curve which takes the form of a straight line cutting both axes. Elasticity at the mid-point of the line would be:
• Perfect elasticity is known as
• Perfect elasticity is known as
• The horizontal demand curve for a commodity shows that its demand is:
• Demand for tyres depends on demand of vehicles, the demand for tyres called as