Economy, asked by navi8715, 4 days ago

What is the state of elasticity demand curve that is parrlel to horizanatl axis and it is a horizantal demad curve?

Answers

Answered by ITZMEGOVARDHANREDDY

Answer:

For a horizontal demand curve parallel to the x axis, the elasticity is infinite. In other words, the demand is perfectly elastic: a small change in price causes a large decrease in quantity demanded.

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