Economy, asked by gawassiddesh9149, 11 months ago

What will be the shape of perfectly elastic demand curve?

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Answered by rkarm05
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.

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