When the demand curve is a rectangular hyperbola, it represents
A) Perfectly elastic demand
B) Unitary elastic demand
C) Perfectly inelastic demand
D) Relatively elastic demand
Correct Answer:
Verified
Q8: When tax rate increase the supply of
Q9: The shape of a demand curve is
Q10: The demand curve for inferior good is
Q11: Unitary elasticity of demand is
A)Zero
B)Equal to one
C)Greater
Q12: Which one is not an exception to
Q14: The horizontal demand curve represents
A)Perfectly elastic demand
B)Unitary
Q15: Who is the present governor of RBI?
A)Pranab
Q16: What do you call the cost incurred
Q17: Who is the lender of the last
Q18: Which bank is called Banker's Bank?
A)RBI
B)SBT
C)SBI
D)ICICI
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents