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. Give a reason for your answer. 1. Demand at point ‘C’ is relatively 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. Give a reason for your answer.


1. Demand at point ‘C’ is relatively elastic demand.

Options

True

False

Reason: - Demand at point 'C' is relatively inelastic.