Solved UPSC CDS/OTA Question
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Q · Law of ElasticityMedium · 45s
Statement: In the case of perfectly elastic demand, the demand curve is:
TopicLaw of Elasticity
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
Every step explained - no skipped algebra.
Perfectly elastic means any change in price would cause the quantity demanded to fall to zero; the curve is horizontal.
Final Answer: Option D - Horizontal