The type of price elasticity of demand for a commodity wh...
The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged despite changes in the price is
Perfectly elastic
Infinitely elastic
Inelastic
Perfectly inelastic
Correct answer is D
Perfectly inelastic demand is also known as Zero elasticity demand. Zero elasticity of demand is one when whatever the change in price, there is absolutely no change in demand.
Which of the following is not an advantage of price control? ...
What is the ratio of expenditure on health to agriculture? ...
The "velocity" of money is ...
According to the theory of comparative advantage specialization will result in ...
A supply curve parallel to the X-axis indicates ...