Question

If a point on a demand curve of any commodity lies on X Axis then price elasticity of demand of that commodity at that point will be

Answer 1

If a point on a demand curve of any commodity lies on X Axis then price elasticity of demand of that commodity at that point will be

Explanation:

• If a point on the demand curve of any commodity lies on X Axis then elasticity price of demand of that commodity  the point will be at infinite.

• When  the demand curve is parallel to x-axis then  demand elasticity  will be perfectly elastic as there is infinite demand at constant price.