Question : The horizontal and parallel to the x-axis demand curve indicates that the elasticity of demand is____.
Option 1: Infinite
Option 2: Zero
Option 3: Greater than zero
Option 4: Equals to one

Question

Question : The horizontal and parallel to the x-axis demand curve indicates that the elasticity of demand is____.

Option 1: Infinite

Option 2: Zero

Option 3: Greater than zero

Option 4: Equals to one

Team Careers360 · Accepted Answer

Correct Answer: Infinite

Solution : The horizontal demand curve parallel to X-axis implies that the elasticity of demand is infinite.
A perfectly elastic demand curve is parallel to the X - axis because the buyers are willing to buy any quantity of the good at a given price.
Hence option a is the correct answer.

Exams

Colleges

Predictors

Resources

Quick links

B.Tech CompanionUse Now Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

Exams

Colleges & Courses

Predictors

Resources

Exams

Colleges

Predictors & E-Books

Resources

Engineering Preparation

Medical Preparation

Online Courses

Products

Exams

Colleges

Resources

Exams

Colleges

Predictors & Articles

Resources

Exams

Colleges

Predictors

Resources

NEET CompanionUse NowYour one-stop Counselling package for NEET, AIIMS and JIPMER

Exams

Colleges

Upcoming Events

Resources

Exams

Colleges

Resources

Quick Links

Top Streams

Specializations

Resources

Top Providers

Exams

Colleges

Resources

Diploma Colleges

Exams

Colleges

Resources

Exams

Resources

Top Courses & Careers

Colleges

Exams

Upcoming Events

Resources

Other Exams

Exams

Colleges

Top Countries

Student Visas

Exams

Top Schools

Products & Resources

NCERT Study Material

Question : The horizontal and parallel to the x-axis demand curve indicates that the elasticity of demand is____.Option 1: InfiniteOption 2: ZeroOption 3: Greater than zeroOption 4: Equals to one

Related Questions

Question : A demand curve, which is parallel to the horizontal axis, showing quantity, has a price elasticity equal to

Question : The price elasticity of demand for a perfectly elastic demand curve is:

Question : The elasticity of demand for luxury goods is:

Question : Perfectly inelastic demand is equal to:

Question : In general, the demand curve slopes:

Trending Articles/News

Sign In/Sign Up

Download the Careers360 App on your Android phone

B.Tech CompanionUse Now
Your one-stop Counselling package for JEE Main, JEE Advanced and BITSAT

NEET CompanionUse Now
Your one-stop Counselling package for NEET, AIIMS and JIPMER

Question : The horizontal and parallel to the x-axis demand curve indicates that the elasticity of demand is____.
Option 1: Infinite
Option 2: Zero
Option 3: Greater than zero
Option 4: Equals to one