CUET Economics - When Elasticity of Demand Curve is 1 at every point on the Demand Curve, this curve is known as: | PYQs + Solutions

CUET Economics

Micro

Easy

Perfectly inelastic demand curve

Perfectly elastic demand curve

Rectangular Hyperbola

Greater than unitary demand curve

✅ Correct Option: 3

Related questions:

2 June Shift 1

Law of demand is violated when?

29 May Shift 2

A consumer is willing to give up 4 bananas if it is given an extra mango, but in the market, if it gives up 6 bananas, this bundle will be considered.

28 May Shift 1

Why indifference curves are convex to origin?

Due to the constant market rate of exchange.
Due to the increasing marginal rate of substitution.
Due to the constant marginal rate of substitution.
Due to a diminishing marginal rate of substitution.

CUET Economics PYQs

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