Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]
2. In the following diagram, AE is the linear demand curve of a commodity. On the basis of the given diagram state whether the following statement is True or False
3. Demand at point ‘D’ is perfectly inelastic demand.
Options
True
False
Reason: -Demand at point 'D' is unitary elastic demand.
Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]
Demand at point ‘A’ is perfectly elastic demand.
Options
True
False
Reason: - Demand at point ‘A’ is perfectly elastic demand
