why demand curve doesnot touches each axis?
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Explanation:
ᴛᴀᴋᴇ ғᴏʀ ᴇxᴀᴍᴘʟᴇ ɪɴ ᴛʜᴇ ᴄᴀsᴇ ᴏғ ᴘᴇʀғᴇᴄᴛʟʏ ᴇʟᴀsᴛɪᴄ ᴅᴇᴍᴀɴᴅ ᴄᴜʀᴠᴇ, ɪᴛ ɪɴᴛᴇʀsᴇᴄᴛ ᴛʜᴇ ʏ ᴀxɪs sɪɴᴄᴇ ᴀᴛ ᴀ ᴄᴏɴsᴛᴀɴᴛ ᴘʀɪᴄᴇ , ǫᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ᴄᴀɴ ʙᴇ ғʀᴏᴍ ᴢᴇʀᴏ ᴛᴏ ɪɴғɪɴɪᴛʏ,ᴀɴᴅ ɪɴ ᴛʜᴇ ᴄᴀsᴇ ᴏғ ᴘᴇʀғᴇᴄᴛʟʏ ɪɴ ᴇʟᴀsᴛɪᴄ ᴅᴇᴍᴀɴᴅ ᴄᴜʀᴠᴇ,ɪᴛ ɪɴᴛᴇʀsᴇᴄᴛs ᴏʀ ᴛᴏᴜᴄʜᴇs ᴛʜᴇ x ᴀxɪs ᴏɴ ᴡʜɪᴄʜ ǫᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ɪs ᴍᴇᴀsᴜʀᴇᴅ sɪɴᴄᴇ ᴘʀɪᴄᴇ ᴏғ ᴄᴏᴍᴍᴏᴅɪᴛʏ ᴅᴏᴇs .
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Explanation:
Take for example in the case of perfectly elastic demand curve, it intersect the y axis since at a constant price , quantity demanded can be from zero to infinity,and in the case of perfectly in elastic demand curve,it intersects or touches the x axis on which quantity demanded is measured since price of commodity
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