Economics · Elasticity of Demand
Match the following demand curve shapes with their respective price elasticity of demand values: (A) Vertical demand curve - (I) Perfectly elastic (B) Horizontal demand curve - (II) Perfectly inelastic (C) Rectangular hyperbola - (III) Unitary elastic (D) Steep demand curve - (IV) Relatively inelastic
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A-II, B-III, C-I, D-IV
- 2A-III, B-I, C-II, D-IV
- 3A-I, B-II, C-III, D-IV
- 4A-II, B-I, C-III, D-IV✓
Correct answer
A-II, B-I, C-III, D-IV
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