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Demand for product X is perfectly elasti...

Demand for product X is perfectly elastic. What will be the change in price if demand rises from 50 per unit to 70 per unit ?

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There will be no change in price as demand is perfectly elastic.
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FULL MARKS-ELASTICITY OF DEMAND -NCERT TEXTBOOK QUESTIONS SOLVED
  1. Define perfectly inelastic demand.

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  2. Define perfectly elastic demand.

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  3. Demand for product X is perfectly elastic. What will be the change in ...

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  4. If ED lt 1, in which portion the point would be located on a straight ...

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  5. When is the demand of a commodity said to be inelastic ?

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  6. If price elasticity of demand for a product is equal to one, what will...

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  7. A rise in the price of a good results in an increase in expenditure on...

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  8. If two demand curves intesect, which one has the higher price elastici...

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  9. What happens to total expenditure on a commodity when its price falls ...

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  10. A poor household with no or very little income remains underfed. If th...

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  11. How will a rich household's demand for low - quality rice respond to a...

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  12. In case of a straight line demand curve meeting the two axes, the pric...

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  13. Identify the factor which generally keeps the price elasticity of dema...

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  14. Identify the coefficient of price elasticity of demand when the percen...

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  15. If the demand for a good is inelastic, an increase in its price will c...

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  16. Which one of the following four possibilities, results in an increase ...

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  17. The price elasticity of demand for hamburger is :

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  18. The price elasticity of demand is defined as the responsiveness of :

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  19. A decrease in price will result in an increase in total revenue if :

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  20. An increase in price will result in an increase in total revenue if :

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