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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?
Most Upvoted Answer
If there is no change in quantity demanded to any charge in price then...
Elasticity =change in QD ÷ change in price
in this question the qty demanded doesnt change , it is zero. hence the elasticity is zero

in graph, price is taken on y axis and QD is taken on x axis
here as and when the price change QD doesnt change. Therefore the demand curve turns to be a straight line(vertical not horizontal).
Community Answer
If there is no change in quantity demanded to any charge in price then...
Perfectly inelastic.
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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?
Question Description
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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