Question

62. What is the degree of elasticity of demand in case of
the following demand curves i)Straight lino parallel ito X-axis ?
ii) straight lino parallel to y-axis
iii) A rectangular hyperbola curve
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Answer 1

$\huge\mathbb\red{Answer:-}$

Answer 2

Explanation:

For a horizontal demand curve parallel to the x axis, the elasticity is infinite. In other words, the demand is perfectly elastic: a small change in price causes a large decrease in quantity demanded.