Question : A demand curve, which is parallel to the horizontal axis, showing quantity, has a price elasticity equal to
Option 1: zero
Option 2: one
Option 3: less than one
Option 4: infinite
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: infinite
Solution : The correct option is infinite.
When a demand curve is perfectly horizontal, it signifies that the quantity demanded remains unaltered regardless of shifts in price. It indicates an infinite price elasticity of demand. In practical terms, infinite price elasticity of demand suggests that even the slightest change in price will lead to an infinite change in the quantity demanded.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
Upcoming Exams
Trending Articles around SSC CHSL
