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Answer : 4. "complete"
When the demand curve of a commodity is parallel to the X-axis, then the demand for that commodity is elastic.
5Q:
When the demand curve of a commodity is parallel to the X-axis, then the demand for that commodity is elastic.
- 1zerofalse
- 2unitfalse
- 3more than unitfalse
- 4completetrue
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Answer : 4. "complete"
Explanation :
Demand curve is parallel to X- axis n case of perfectly elastic demand. A perfectly elastic demand refers to the situation when demand is infinite at the prevailing price.