The horizontal demand curve parallel to x-axis implies that the elasticity of demand is

The horizontal demand curve parallel to x-axis implies that the elasticity of demand is

Q. The horizontal demand curve parallel to x-axis implies that the elasticity of demand is:

  1. Zero
  2. Infinite
  3. Equal to one
  4. Greater than zero but less than infinity

Answer: Infinite

Demand and Supply MCQs
Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page