Although I have never taken an economics class discussing the formal definition of demand elasticity, I can guess at the answers.
Elasticity is a measure of how much the quantity demanded of some product is swayed by changes in price. Economists traditionally place prices on the y-axis and quantity demanded on the x-axis. So if the demand curve is a vertical line, it means that no matter what the price is, customers will keep buying the same amount. This suggests that the elasticity is zero. The horizontal demand line is less meaningful because it shows one price at which customers may demand anything, while if the price is raised ever so slightly, we will fly off the demand curve altogether. Since tiny or even zero changes in price can cause large changes in demand, the elasticity is probably either infinite or undefined.
Price elasticity is a specific type of slope of the demand curve. A perfectly inelastic demand means that the quantity will not change with the price. This line is perfectly vertical. A perfectly elastic demand curve is horizontal and means that at any given quantity, there is only one price. Also, a slope gets steeper, demand becomes more inelastic.
A vertical line goes North And South and a horizontal line goes East And West.
A horizontal line is a line perpendicular to the vertical.
A horizontal line is perpendicular to a vertical line.
The coordinate plane is formed by the intersection of a vertical and a horizontal number line. What is the horizontal number line called?
if the slope is 0, the line is horizontal.
a...................b . . . . . c...................d a to c = vertical line a to b = horizontal line a to d = diagonal line
The symbol for a diode is a horizontal line with an arrow pointing to an intersecting vertical line, the horizontal line continues on the other side of the vertical line.
Oblique
The bisector of a segment is a line that cuts the segment into exact half. For example, if the vertical line bisects the horizontal line in " T ", the vertical line cuts touches the horizontal line at the midpoint of the horizontal line
abscissa is horizontal and ordinate is vertical one
Vertical. Te horizontal like has zero slope ( no slope) and the vertical line has infinite (very very high) slope