Question

coefficient of Elasticity is zero when demand is perfectly elastic.(true hai yaaa false)??​

Answer 1

Answer:

.....true.

Explanation:

Reason it zero never demand is perfect itbgas elastic.

So TRUE

Answer 2

If the demand is perfectly inelastic,the coefficient of elasticity is zero.Hence,the statement given is false.

Explanation:

If the elasticity of demand is 0,it indicates that consumers or buyers are not responsiveness at all to the price change of any commodity.In this case,the demand will be perfectly inelastic.Some of the examples of perfectly inelastic demand can be live saving medicines or drugs for any critical diseases like cancer or coronavirus,which people will buy irrespective of its price.Even if the price fluctuates dramatically,the quantity demanded of the consumers or buyers would remain constant or unchanged. Therefore,perfectly inelastic demand states that the percentage change in quantity demanded is o for any given percentage change in price of a good or service.