Home ยป 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 3 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
