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If, as the price of a commodity rises, the quantity demanded of the commodity re...


Question

If, as the price of a commodity rises, the quantity demanded of the commodity remains the same, then the demand for the commodity is?

Options

A)
static
B)
infinitely elastic
C)
externally determined
D)
perfectly inelastic

The correct answer is D.


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Discussion (4)

  • The correct answer is D when the quantity demanded remain the same when the price rises

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  • Chioma

    It is said to be perfectly inelastic if a change in price has no effect in the damand of goods

  • Yes because if u go to the definition of perfectly inelastic you will know the answer.

  • Osho Temitayo

    It is said to be perfectly in elastic if a change in price has no effect on the quantity of goods demanded