Multiple Choice Questions on What is the degree of elasticity of demand in case the demand is represented by a straight line para........... for UGC NET ( Commerce) Preparation

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What is the degree of elasticity of demand in case the demand is represented by a straight line para...........

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    What is the degree of elasticity of demand in case the demand is represented by a straight line parallel to the x-axis ?   (2 marks)

    e > 1

    Incorrect Answer

    e = 0

    Incorrect Answer

    e = ∝

    Correct Answer

    e < 1

    Incorrect Answer
    Explanation:

    e = ∝

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