Q846
When there is a very small change in the price of a commodity, i.e. there is a negligible change and there is a high change in the demand, then what is the demand for such a commodity?
A.
Perfectly elastic demand
AnswerB.
Perfectly inelastic demand
C.
Relatively inelastic demand
D.
Relatively elastic demand
Answer: Option A
Solution
Answer: Option A
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