Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]
Q.1. Complete the following statement:
Price elasticity of demand on a linear demand curve at the X-axis is ________.
zero
one
infinity
less than one
Price elasticity of demand on a linear demand curve at the Y-axis is ________.
zero
one
infinity
greater than one
Demand curve is parallel to X-axis, in the case of ______.
perfectly elastic demand
perfectly inelastic demand
relatively elastic demand
relatively inelastic demand
When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is ______.
flatter
steeper
rectangular
Horizontal
Ed = 0 in case of ______.
luxuries
normal goods
necessities
comforts
