What is relatively elastic demand? Explain with the help of an example and diagram. - Sarthaks eConnect | Largest Online Education Community
![Show with the help of a diagram, the effect on equilibrium price and quantity when:i Demand is perfectly elastic and supply decreases.ii Supply is perfectly inelastic and demand increases.iii The demand curve Show with the help of a diagram, the effect on equilibrium price and quantity when:i Demand is perfectly elastic and supply decreases.ii Supply is perfectly inelastic and demand increases.iii The demand curve](https://search-static.byjusweb.com/question-images/byjus/infinitestudent-images/ckeditor_assets/pictures/217317/content_5.png)
Show with the help of a diagram, the effect on equilibrium price and quantity when:i Demand is perfectly elastic and supply decreases.ii Supply is perfectly inelastic and demand increases.iii The demand curve
![Price Elasticity Showing Perfectly Inelastic Demand And Elastic Demand | PPT Images Gallery | PowerPoint Slide Show | PowerPoint Presentation Templates Price Elasticity Showing Perfectly Inelastic Demand And Elastic Demand | PPT Images Gallery | PowerPoint Slide Show | PowerPoint Presentation Templates](https://www.slideteam.net/media/catalog/product/cache/1280x720/p/r/price_elasticity_showing_perfectly_inelastic_demand_and_elastic_demand_Slide01.jpg)