1 año ago · Ignacio Saludes · 0 comments
Horizontal Demand curve, Parallel to X-axis indicates, that the elasticity of Demand is____aZerobInfinitec1d1Correct answer is option ‘B’ Can you explain this answer? EduRev CA Foundation Question
- The horizontal demand curve parallel to x-axis implies that the elasticity of demand is
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- The horizontal demand curve parallel to x-axis implies that the elasticity of demand is:
Perfectly elastic demand is a demand where any price increase would cause the quantity demanded to fall to zero, and reducing the price of a good or service will not increase sales. D. The price elasticity of demand is expressed in terms of relaive not absolute changes in Price and Quantity demanded. Students can find the best tutors and instructors through LearnPick’s online tutoring marketplace. We neither supply nor recommend tutors to those in search of such services, and vice-versa. LearnPick does not verify the identity or authenticity of information posted by tutors or students. You can learn more about verifying the identity of other users in our Safety Center.
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The horizontal demand curve parallel to x-axis implies that the elasticity… In the case of a product with a horizontal demand curve, the elasticity of demand is said to be perfectly elastic. The elasticity measures the extent to which a change in price affects the quantity demanded of that particular good or service. The demand curve illustrates the relationship between price and quantity demanded of a particular good or service.
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is
One of the most remarkable things about practicing daily is the ability of your mind to become more focused on the subject you are studying. Not only does this increase the knowledge of the subject, but it is also a wonderful way of increasing your concentration. The questions posted on the site are solely user generated, Doubtnut has no ownership or control over the nature and content of those questions. Doubtnut is not responsible for any discrepancies concerning the duplicity of content over those questions. Luxury goods are often very elastic – if the price increases a little, then people will move over to something else.
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the horizontal demand curve parallel to x-axis implies that the elasticity of demand is infinite.It is zero when the demand curve is parallel to the y-axis. When demand curve is parallel to x-axis then elasticity of demand will be perfectly elastic as there is infinite demand at constant price. In this case, a slightest increase in price will reduce the demand for the product to zero. The horizontal demand curve parallel to the x-axis implies that the elasticity of demand is infinite. C. If two demand curves are linear and parallel to each other, then, at a particular price, the coefficient of elasticity would be different on different demand curves. B. If two demand curves are linear and intersecting each other, then, coefficient of elasticity would be same on different demand curves at the point of intersection.
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