Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]
Q.7. Observe the following figure and answer the questions:
1. Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘A’
Sol: - Relatively elastic demand
Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘B’
Sol: -Perfectly inelastic demand
Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘C’
Sol: -Perfectly elastic demand
Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘D’
Sol: -Unitary elastic demand
