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abhay

· started a discussion

· 1 Months ago

can not understand (Question:572649.0)

what is belochdar

Question:
If the change in demand for a commodity is at a faster rate than change in the price of the commodity, the demand is.
Options:
A) perfectly inelastic
B) elastic
C) perfectly elastic
D) inelastic
Solution:
Ans:(c) If quantity demanded changes by a very large percentage as a result of a tiny percentage change in price, then the demand is said to be perfectly elastic.

Knowledge Expert

· commented

· 1 Months ago

inelastic
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