Economics · Elasticity of Demand
Match LIST-I with LIST-II: LIST-I (Elasticity Category) A. Unitary Elastic B. Perfectly Elastic C. Perfectly Inelastic D. Inelastic Demand LIST-II (Curve Characteristic / Description) I. Horizontal demand curve indicating infinite sensitivity to price II. Vertical demand curve indicating demand does not change with price III. Rectangular hyperbola where percentage changes in price and quantity are exactly equal IV. Percentage change in quantity demanded is less than percentage change in price Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-I, B-IV, C-III, D-II
- 2A-III, B-I, C-II, D-IV✓
- 3A-II, B-III, C-IV, D-I
- 4A-III, B-II, C-I, D-IV
Correct answer
A-III, B-I, C-II, D-IV
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