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Q. If the quantity demanded of a commodity is unresponsive to change in prices, then the demand of that commodity is ________.
- Perfectly inelastic
- Elastic
- Unit elastic
- Inelastic
Answer: Perfectly inelastic
Q. If the quantity demanded of a commodity is unresponsive to change in prices, then the demand of that commodity is ________.
Answer: Perfectly inelastic
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