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| 1. |
When edmand curve is parallel to Y axis, whatwill be its price elasticity. |
| Answer» <html><body><p></p>Solution :When demand curve is parallel to Y <a href="https://interviewquestions.tuteehub.com/tag/axis-889931" style="font-weight:bold;" target="_blank" title="Click to know more about AXIS">AXIS</a>, the price <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 will be zero <a href="https://interviewquestions.tuteehub.com/tag/implying-7690042" style="font-weight:bold;" target="_blank" title="Click to know more about IMPLYING">IMPLYING</a> that demand of the commodity is unaffected by any <a href="https://interviewquestions.tuteehub.com/tag/changes-913881" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGES">CHANGES</a> in the price <a href="https://interviewquestions.tuteehub.com/tag/level-1072714" style="font-weight:bold;" target="_blank" title="Click to know more about LEVEL">LEVEL</a> of the good.</body></html> | |