Chapter 3 - (B) ELASTICITY OF DEMAND [Latest edition] Q.7. Observe the following figure and answer the questions

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board 

 

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

Q.7. Observe the following figure and answer the questions:

1. Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘A’


Sol: - Relatively elastic demand


Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘B’


Sol: -Perfectly inelastic demand


Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘C’


Sol: -Perfectly elastic demand


Identify and define the degrees of elasticity of demand from the following demand curve. Diagram ‘D’


Sol: -Unitary elastic demand