Which of the following statement is correct?
A. | When the slope of the demand curve is zero, demand is infinitely elastic and when the slope is infinite, elasticity is zero |
B. | When the slope of the demand curve is zero, elasticity is unity and also when the slope is infinite, elasticity is unity |
C. | When the slope of the demand curve is zero, elasticity is also zero and when the slope is infinite, elasticity is also infinite. |
D. | None of these |
Answer : A Explanation : |
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Option: A Explanation : Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. Explanation will come here. |