What is the price elasticity of dmeand for following demand curves, : (i) Straight line demand curve parallel to X -axis, (ii) Straight line demand curve parallel toY-axis.

What is the price elasticity of dmeand for following demand curves, :

1.	What is the price elasticity of dmeand for following demand curves, : (i) Straight line demand curve parallel to X -axis, (ii) Straight line demand curve parallel toY-axis.
Answer» <html><body><p></p>Solution :The <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> <a href="https://interviewquestions.tuteehub.com/tag/elasticity-14238" style="font-weight:bold;" target="_blank" title="Click to know more about ELASTICITY">ELASTICITY</a> of demand in the <a href="https://interviewquestions.tuteehub.com/tag/following-463335" style="font-weight:bold;" target="_blank" title="Click to know more about FOLLOWING">FOLLOWING</a> <a href="https://interviewquestions.tuteehub.com/tag/cases-910165" style="font-weight:bold;" target="_blank" title="Click to know more about CASES">CASES</a> will be : (i) Perfectly Elastic Demand, (ii) perfectly lnelastic Demand.</body></html>