Economy, asked by rafamaidani, 1 year ago

what is perfectly elastic demand

Answers

Answered by ayush579
1
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\huge\mathfrak{\blue{Answer→}}: A perfectly elastic demandcurve is represented by a straight horizontal line and shows that the market demand for a product is directly tied to the price. In fact, thedemand is infinite at a specific price. Thus, a change in price would eliminate all demand for the product.
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Answered by ramesh015
1

Answer:

body which regains its original configuration immediately and completely after the removal of deforming force from it is called perfectly elastic body. Quartz and phosphor bronze are the examples of nearly perfectly elastic bodies.

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