India Languages, asked by rohitsawarkar127, 4 months ago

Demand Curve is Parallel to Y axis ,in case of ______

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Answered by akatare575gmailcom

1

Answer:

When the demand curve is parallel to the vertical axis, it means, that the same amount of goods are demanded at any price level. Which further means that there is no effect of change in price on the quantity demanded. Hence, the product is perfectly Inelastic and quantitatively, elasticity of demand is 0.

Explanation:

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Answered by poonamdingankar9

1

Answer:

perfect inelastic demand

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