Question

what is the state of elasticity of demand if it has curve that is parallel to horizontal Axis and it as a horizontal demand curve?​

Answer 1

Answer:

here demand will be perfectly elastic or elasticity of demand will be perfectly elastic. 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.29-Jul-2018

Explanation:

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Answer 2

here demand will be perfectly elastic or elasticity of demand will be perfectly elastic. 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.