(iv) Perfectly elastic demand curve
1
6. True
7. False
1. From the set of statements given in Column land Column II, choose the correct pair of statements:
D. Matching the Correct Statements
(a) Degree of responsiveness of demand for the
commodity to a change in its own price
Price elasticity of demand
(c) Percentage change in price < Percentage change in
(ii) Slope of demand curve
(d) Vertical straight line, parallel to Y-axis
(b)
AP
quantity demanded
ΔΟ
(iii) Ed<1
(e) Elastic demand
(V) Salt
Price Elasticity of
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Answer:
The answer is true because of following reason.
Answered by
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Explanation:
True
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