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प्रश्न
True or False with Reason:
When quantity demanded of a commodity does not change with change in price, then coefficient of price elasticity of demand is zero.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Explanation:
This is a case of perfectly inelastic demand, where quantity demanded remains constant even when price changes.
Percentage change in quantity demanded is zero, so price elasticity = 0 ÷ percentage change in price = 0. Therefore, the coefficient of price elasticity of demand is zero.
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