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B Elasticity of Demand — Economics STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsEconomicsB Elasticity of Demand4 Marks
Question
1) Demand at point ‘C’ is relatively elastic demand.
2) Demand at point ‘B’ is unitaiy elastic demand.
3) Demand at point ‘D’ is perfectly inelastic demand.
4) Demand at point ‘A’ is perfectly elastic demand.
✓

Answer

  1. Demand at point ‘C’ is relatively elastic demand.
  2. False, it is relatively inelastic demand.
  3. False, it is relatively elastic demand.
  4. False, it is unitary elastic demand.
  5. True, it is perfectly elastic Ed = ∞

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