Home

When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity will be:

A. Zero (perfectly inelastic)

B. Equal to one (unitary elastic)

C. Infinite (perfectly elastic)

D. None of the above

Correct Answer : A.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Rearrangement Set 13 MCQ Reproductive System MCQ Angiosperms (Taxonomy and Classification) MCQ Current Affairs April 2017 MCQ Aldehydes and Ketones MCQ Manufacturing & Production Engineering MCQ Machine Input Mi-set 2 MCQ Odd Man Out MCQ Sentence Correction MCQ Strength of Materials MCQ Motion MCQ Power Plant Engineering MCQ

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

Submit
Load More..
You can do it
  1. According to Leontief technology, there:
  2. Economics define technology as:
  3. A monopoly producer has:
  4. Cross-elasticity of demand or cross-price elasticity between two perfect complements will be:
  5. The game theory takes into consideration:
  6. Utility is a function of:
  7. At low prices, demand is likely to be:
  8. The total revenue curve for monopolist is the shape of:
  9. Change in demand (rise and fall of demand) is:
  10. MC is given by:
  11. Discriminating monopoly implies that the monopolist charges different prices for his commodity:
  12. If X and Y are close substitutes, a rise in the price of X will lead to:
  13. The proportionality rule in production requires that the ratios of MP and factor prices are:
  14. In the perfect competition, there is a process of:
  15. A firms profit is equal to:
  16. Supply curves are most elastic:
  17. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  18. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  19. In modern theory, LAC = LMC after the attainment of:
  20. The production possibility curve (PPC) is concerned with:
  21. At the shut-down point in perfect competition:
  22. The output where TC = TR & AC = AR:
  23. The long-run AC curve is constructed from:
  24. Under Bandwagon effects, people use those goods which are used by their:
  25. Income-elasticity of demand is expressed as:
  26. Income -elasticity of demand will be zero when a given change in income brings about:
  27. The short-run supply curve of the perfectly competitive firm is given by:
  28. Production is a function of:
  29. When the slope of a demand curve is infinite (also known as horizontal demand curve) then elasticity…
  30. If the demand curve is horizontal then its slope is: