Complete the correlation :(1) Perfectly elastic demand : Ed = ∞ :: �

1.	Complete the correlation :(1) Perfectly elastic demand : Ed = ∞ :: ……………. : Ed = 0 (2) Rectangular hyperbola : ………………. : Steeper demand curve : Relatively inelastic demand. (3) Straight line demand curve : Linear demand curve:: …………….. non linear demand curve. (4) Pen and ink : …………….. :: Tea or Coffee: Substitutes.(5) Ratio method : Ed = \(\frac{\%\Delta Q}{\%\Delta P}\) :: …………… : Ed = \(\frac{Lower\,segment}{Upper\, segment}\)
Answer» 1. Perfectly inelastic demand 2. Unitary elastic demand 3. Unitary elastic (convex to origin) 4. Complementary goods 5. Point or Geometric method

Complete the correlation :(1) Perfectly elastic demand : Ed = ∞ :: ……………. : Ed = 0 (2) Rectangular hyperbola : ………………. : Steeper demand curve : Relatively inelastic demand. (3) Straight line demand curve : Linear demand curve:: …………….. non linear demand curve. (4) Pen and ink : …………….. :: Tea or Coffee: Substitutes.(5) Ratio method : Ed = \(\frac{\%\Delta Q}{\%\Delta P}\) :: …………… : Ed = \(\frac{Lower\,segment}{Upper\, segment}\)

Answer»

1. Perfectly inelastic demand

2. Unitary elastic demand

3. Unitary elastic (convex to origin)

4. Complementary goods

5. Point or Geometric method