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Commerce · Q1454

Economics

Graduate and Post Graduate · Commerce · question 1454

Q1454

What is the degree of elasticity of demand in case the demand is represented by a straight line parallel to the x-axis?

A.
e > 1
B.
e = 0
C.
e = ∞
Answer
D.
e < 1

Answer: Option C

Solution

Answer: Option C
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