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When is the demand for a commodity said to be perfectly inelastic? What do you mean by perfectly inelastic demand? - Economic Applications

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प्रश्न

When is the demand for a commodity said to be perfectly inelastic?

What do you mean by perfectly inelastic demand?

एक पंक्ति में उत्तर
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उत्तर

When quantity demanded of a good does not change at all in response to change in its price, it is called perfectly inelastic demand.

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अध्याय 2: Elasticity of Demand - QUESTIONS [पृष्ठ ४३]

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गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 2 Elasticity of Demand
QUESTIONS | Q 3. | पृष्ठ ४३
गोयल ब्रदर्स प्रकाशन Economic Applications [English] Class 10 ICSE
अध्याय 2 Elasticity of Demand
QUESTION BANK | Q 6. | पृष्ठ ४५
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