Complete the following statments
Q.1. Complete the following statement:
1) Price elasticity of demand on a linear demand curve at the X-axis is ________.
a) zero
b) one
c) infinity
d) less than one
Ans:- a) zero
2) Price elasticity of demand on a linear demand curve at the Y-axis is ________.
a) zero
b) one
c) infinity
gred) ater than one
Ans:- c) infinity
3) Demand curve is parallel to X-axis, in the case of ______.
a) perfectly elastic demand
b) perfectly inelastic
demand
c) relatively elastic demand
d) relatively inelastic demand
Ans:- a)perfectly elastic demand
4) When the percentage change in quantity demanded is more than the percentage change in price, the demand curve is ______.
a) flatter
b)steeper
c) rectangular
d) Horizontal
Ans:- a) flatter
5) Ed = 0 in case of ______.
a) luxuries
b) normal goods
c) necessities
d) comforts
Ans:- c) necessities