2. In the following diagram, AE is the linear demand curve of a commodity. On the basis of the given diagram state whether the following statement is True or False 4. Demand at point ‘A’ is perfectly elastic demand

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board

 

Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition]

 

2. In the following diagram, AE is the linear demand curve of a commodity. On the basis of the given diagram state whether the following statement is True or False

4. Demand at point ‘A’ is perfectly elastic demand.

Options

True

False

Reason: - Demand at point ‘A’ is perfectly elastic demand