What will be the shape of perfectly elastic demand curve?
Answers
Answered by
0
A demand curve with constant unitary elasticity will be a curved line. Notice how price and quantity demanded change by an identical amount in each step down the demand curve. Unlike the demand curve with unitary elasticity, the supply curve with unitary elasticity is represented by a straight line.
hope this helps , mark as brainliest , drop in a thanks
Similar questions