When the demand curve is rectangular hyperbola, it represents:

A. Unitary elastic demand

B. Perfectly elastic demand

C. Perfectly inelastic demand

D. Relatively elastic demand

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. Monopolistic firm can fix:
  2. According to critics, the assumption of costless production is:
  3. Increasing returns is not caused by:
  4. In monopolistic competition, if a firm lowers its price, the rival firms will:
  5. Identify the author of The Principles of political Economy and Taxation:
  6. Identify the author of The Social Framework:
  7. In joint-profit maximization cartel, the distribution of profit is:
  8. When with a change in price the total outlay (expenditures) on a commodity remains constant, it is a…
  9. In the long run:
  10. Each firm in cournot model assumes that its competitor will:
  11. In case of monopoly:
  12. A fall in demand for the product under monopolistic competition will likely result in:
  13. A high value of cross-elasticity indicates that the two commodities are:
  14. If the commodity is inferior then:
  15. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  16. Contraction of demand means:
  17. An indifference curve shows the bundles of two goods among which a consumer remains:
  18. After reaching the saturation point consumption of additional units of the commodity cause:
  19. Marginal utility is only meant for:
  20. In case of short-run, the supply curve of an industry is the horizontal summation of:
  21. MC curve is:
  22. Production function relates:
  23. We can write ordinal utility function as:
  24. The vertical distance between TVC and TC is equal to:
  25. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  26. If less is demanded at the same price or same quantity demanded at a lower price, it is a case of:
  27. For the given production function, technical efficiency is defined as:
  28. The minimization of costs subject to output requires equilibrium at the lowest:
  29. Income distribution effects:
  30. Normally when price per unit of time falls: