Economy, asked by divya5614, 6 months ago

Elasticity resulting from infinite change in quantity demanded give economic terms ​

Answers

Answered by MemeLover00
5

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Infinite elasticity or perfect elasticity refers to the extreme case where either the quantity demanded (Qd) or supplied (Qs) changes by an infinite amount in response to any change in price at all. In both cases, the supply and the demand curve are horizontal as (Figure) shows.

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