Answers
1.
True
Here the curve Ab is perfectly inelastic in nature because change in quantity demanded is zero
If the curve is to be perfect elastic can change in price has to be zero.
2.
True
Since the given curve is of a supply curve
A curve is said to be inelastic when even there is very high change in the price but change in supply is very less
A curvr is said to be elastic if even there is a very small change in price cause heavy change in the quantity supplied
In the given curve we can clearly see that more curve KK is as more inelastic compared to curve JJ
3
True
The curve KK between point a and c is elastic in nature
as we can clearly see that even there is a small change in price causes heavy change in the quantity supplied
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