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when is the demand for a good said to be perfectly inelastic ? |
Answer» <html><body><p></p>Solution :The demand for a <a href="https://interviewquestions.tuteehub.com/tag/good-1009017" style="font-weight:bold;" target="_blank" title="Click to know more about GOOD">GOOD</a> is <a href="https://interviewquestions.tuteehub.com/tag/said-629244" style="font-weight:bold;" target="_blank" title="Click to know more about SAID">SAID</a> to be perfectly inelastic when there is no <a href="https://interviewquestions.tuteehub.com/tag/change-913808" style="font-weight:bold;" target="_blank" title="Click to know more about CHANGE">CHANGE</a> in quantity <a href="https://interviewquestions.tuteehub.com/tag/demanded-7675308" style="font-weight:bold;" target="_blank" title="Click to know more about DEMANDED">DEMANDED</a> when the <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of the commodity changes.</body></html> | |