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A demand curve parallel to the Y-axis implies:
- a)Ep = 0
- b)Ep = 1
- c)Ep < 1
- d)Ep > 1
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep <...
The horizontal demand curve parallel to x-axis implies that the elasticity of demand is infinite.It is zero when the demand curve is parallel to the y-axis.
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A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep <...
Answer is absolutely A because a Demand Curve which is parallel to y axis shows that the same quantity is demanded at different prices In other words there is no change in the quantity demanded when the price of commodity changes It means Delta Q is equals to zero when Delta Q is zero then if we put the value of delta Q in the proportionate method for calculating elasticity of price we will get that elasticity of price at this point is zero Thus a demand curve parallel to y axis implies that the elasticity of price is zero
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A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep <...
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A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer?
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A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer?.
A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A demand curve parallel to the Y-axis implies:a)Ep = 0b)Ep = 1c)Ep < 1d)Ep > 1Correct answer is option 'C'. Can you explain this answer?.
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