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What Is Perfect Elasticity of Demand

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What Is Perfect Elasticity of Demand

    • Posted by Shaaz Ahmed 7 years, 7 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Syed Khabib 7 years, 7 months ago

    When the price of a commodity remain constant only quantity demanded of a commodity changes is known as perfect elastic demand. The demand curve of perfect elastic demand horizontal line parallel to x-axis.

    1Thank You

    Shivangi Goel 7 years, 7 months ago

    Price remains constant and demand changes.thus slope of demand curve becames 0...

    1Thank You

    Shivangi Goel 7 years, 7 months ago

    Perfect elasticity of demand is the situation of infinity as ed=infinity......in this case slope of demand curve is horizontal straight line..

    2Thank You

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