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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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Dicussion (1)

  • Osho Temitayo

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

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