A perfectly inelastic demand curve ——

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Question:
A perfectly inelastic demand curve ——

1. is a vertical line parallel to Y axis

2. is a vertical line parallel to X axis

3.indicates a good with no close substitutes

4.a and c

Posted Date:-2022-01-04 12:22:40

More MCQS Questions and answers

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  3. For inferior commodities income effect is ——–
  4. If marginal utility is zero
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  6. In relatively elastic demand ED is —— A.
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  16. A relative change in quantity demanded is less than the relative change in money income is —— income
  17. An increase in consumer income will increase demand for a —— but decrease demand for a —–
  18. Demand curve is a ——-
  19. Economics is a science the basis of this statement does not include
  20. Economics is derived from the Greek word OIKONOMIKUS which means
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  22. Forecasts ————
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  24. In economics the central problem is
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