A demand curve which takes the form of horizontal line parallel to quantity axis illustrates elasticity which is:

Related MCQs

• 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:
• The horizontal demand curve for a commodity shows that its demand is:
• Exceptional Demand Curve (Perverse demand curve)
• If the percentage increase in quantity of a commodity demanded is its price, the coefficient of price elasticity of demand is:
• If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is
• In the case of perfect elasticity, the demand curve is
• In the case of unitary elastic demand, the shape of demand curve is
• Demand for tyres depends on demand of vehicles, the demand for tyres called as
• If the income elasticity of demand is that one, the good is a
• The income elasticity of demand is negative for a