Distinguish between perfectly elastic demand and perfectly inelastic demand
Answers
Answered by
0
perfectly elastic demand means which clothes are good elasticity or stretchable.perfectly inelastic demand means which clothes are not good elasticity or not stretchable.
Answered by
1
With price remains unchanged, the variation in quantity to uncertain limit is called perfectly elastic demand, whereas, while quantity remains unchanged and price varies under perfectly inelastic demand.
The curve for perfectly elastic demand is parallel to the X-axis while the demand curve for perfectly inelastic demand is parallel to Y-axis.
The degree of perfectly elastic demand is equal to infinity, whereas, the degree of perfectly inelastic demand is equaled to zero.
Similar questions