Q45
Which of the following statement is correct about demand curve?
A.
When slope is zero, elasticity is zero; when slope is infinite, elasticity is also infinite
B.
When slope is zero, elasticity is unitary and when slope is infinite, elasticity is still unitary
C.
When slope is zero, demand is infinitely elastic; when slope is infinite, elasticity is zero
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
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