When elasticity is zero, the demand curve is
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Correct Answer: Option D
Explanation:
If the price elasticity of demand is zero, it means that the demand is totally independent of the price. No matter how the price varies, people buy the same quantity of the product. The demand curve of essential quantities like medicines has a slope which approaches zero. The demand curve will be downward slopping. Like 0 Dislike 0
If the price elasticity of demand is zero, it means that the demand is totally independent of the price. No matter how the price varies, people buy the same quantity of the product. The demand curve of essential quantities like medicines has a slope which approaches zero. The demand curve will be downward slopping. Like 0 Dislike 0