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Commerce · Q1122

Economics

Graduate and Post Graduate · Commerce · question 1122

Q1122

Which of the following statement(s) is/are incorrect?

A.
Elastic demand curve is shown by letter demand curve
B.
Perfectly inelastic demand curve will be a horizontal straight line
Answer
C.
Both A and B
D.
None of the above

Answer: Option B

Solution

Answer: Option B
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