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Answer : 2. "inelastic"
There is no change in demand for a commodity when its price changes more. What demand will this be called?
5Q:
There is no change in demand for a commodity when its price changes more. What demand will this be called?
- 1elasticfalse
- 2inelastictrue
- 3perfectly inelasticfalse
- 4highly elasticfalse
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Answer : 2. "inelastic"
Explanation :
When the demand of a quantity does not change as a result of a change in the price of a commodity, the demand of that commodity is called a perfectly inelastic demand. In this case, the elasticity of demand is zero.