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What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is zero? - Economic Applications

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Question

What will be the effect of 10 percent rise in price of a good on its demand if price elasticity of demand is zero?

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Solution

No change in demand

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Chapter 2: Elasticity of Demand - QUESTION BANK [Page 45]

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Goyal Brothers Prakashan Economic Applications [English] Class 10 ICSE
Chapter 2 Elasticity of Demand
QUESTION BANK | Q 14. (a) | Page 45
Goyal Brothers Prakashan Economics [English] Class 10 ICSE
Chapter 3 Elasticity of Demand
QUESTION BANK | Q 14. (a) | Page 77
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