Question

what is the degree of elasticity of demand in case of the following demand curves:
1.straight line parallel to OX- axis
2.straight line parallel to OY- a
3.at mid point of a downward slopping straight line curve​

Answer 1

Answer:

Under point method, a straight line downward sloping demand curve implies that, as price falls, the elasticity of demand decreases from infinity to zero.

Explanation:

I hope it's help you dear please make me brainliests ❤️❣️❤️☺️

Answer 2

1. Straight line parallel to X-axis show that the degree of elasticity of demand is Perfectly Elastic Demand (Ed = infinity)

2. Straight Line parallel to Y-axis show that the degree of elasticity of demand is Perfectly Inelastic Demand (Ed = 0)

3. At mid point of a downward slopping straight line curve show that the degree of elasticity of demand is Unitary Elastic Demand (Ed = 1)