What is the degree of elasticity of demand in case the demand is represented by a straight line parallel to the x-axis?
A. e > 1
B. e = 0
C. e = ∝
D. e < 1
Answer:C
What is the degree of elasticity of demand in case the demand is represented by a straight line parallel to the x-axis?
A. e > 1 B. e = 0 C. e = ∝ D. e < 1