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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?
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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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संबंधित प्रश्न
With the help of a graph explain the relatively inelastic demand for a commodity.
Under what conditions does the supply of good exhibit unitary elasticity?
Degrees of price elasticity of demand is of ______ types.
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Demand is inelastic for ______.
For the following list of goods state whether the demand is elastic or inelastic. Give reasons:
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Define perfectly elastic demand.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to X-axis.
What is the price elasticity of demand for the following demand curve?
Straight line demand curve parallel to Y-axis.
State whether the price elasticity of demand is inelastic, relatively elastic, highly elastic or highly inelastic. Give reasons to support your answer.
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