Home » If quantity demanded is completely unresponsive to changes in price, demand is Demand and Supply MCQs If quantity demanded is completely unresponsive to changes in price, demand is September 27, 2022 5 Views Q. If quantity demanded is completely unresponsive to changes in price, demand is: InelasticUnit elasticElasticPerfectly inelastic Answer: Perfectly inelastic
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to