Science, asked by guriaguriayadav28563, 10 months ago

what is perfectly elasticity of demand ​

Answers

Answered by sourya1794
6

Explanation:

A perfectly elastic demand curve is represented by a straight horizontal line and shows that the market demand for a product is directly tied to the price. In fact, the demand is infinite at a specific price. Thus, a change in price would eliminate all demand for the product.

Answered by preetygirl97
0

Answer:

A perfectly elastic demand curve is represented by a straight horizontal line and shows that the market demand for a product is directly tied to the price. In fact, the demand is infinite at a specific price. Thus, a change in price would eliminate all demand for the product.

Similar questions