QN01. Consider a demand curve which takes the form of a straight line cutting both axes. Elasticity at the mid-point of the line would be: Zero One infinite infinite Can not be calculated Answer(B)One infinite QN02. In case of Giffen goods, demand curve will slope: Vertical Horizontal Upward Downward Answer(C)Upward QN03. In the real business…
This content is for paid premium members only.
You can view complete answer after activation your membership.
Buy membership
You can view complete answer after activation your membership.
Buy membership
Already a member? Log in here
