In the case of a straight-line demand curve meeting the two axes, the price elasticity of demand at y-axis of the line would be equal to:
CA Foundation · Business Economics · MTP · September 2026
In the case of a straight-line demand curve meeting the two axes, the price elasticity of demand at y-axis of the line would be equal to:
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. Infinity
Topics: Theory of Demand and Supply
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