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If there is no change in quantity demanded to any charge in price then elasticity of demand is & shape of demand curve is
  • a)
    infinity elastic; horizontal demand curve
  • b)
    zero, vertical demand curve
  • c)
    less than one, downward sloping demand curve
  • d)
    zero than one horizontal downward sloping demand curve
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
If there is no change in quantity demanded to any charge in price then...
When demand does not respond to the given change in price it is known as Perfectly Inelastic demand where elasticity of demand is zero & demand curve is parallel to Y axis i.e. it is vertical.
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If there is no change in quantity demanded to any charge in price then elasticity of demand is & shape of demand curve isa)infinity elastic; horizontal demand curveb)zero, vertical demand curvec)less than one, downward sloping demand curved)zero than one horizontal downward sloping demand curveCorrect answer is option 'B'. Can you explain this answer?
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If there is no change in quantity demanded to any charge in price then elasticity of demand is & shape of demand curve isa)infinity elastic; horizontal demand curveb)zero, vertical demand curvec)less than one, downward sloping demand curved)zero than one horizontal downward sloping demand curveCorrect answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about If there is no change in quantity demanded to any charge in price then elasticity of demand is & shape of demand curve isa)infinity elastic; horizontal demand curveb)zero, vertical demand curvec)less than one, downward sloping demand curved)zero than one horizontal downward sloping demand curveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If there is no change in quantity demanded to any charge in price then elasticity of demand is & shape of demand curve isa)infinity elastic; horizontal demand curveb)zero, vertical demand curvec)less than one, downward sloping demand curved)zero than one horizontal downward sloping demand curveCorrect answer is option 'B'. Can you explain this answer?.
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