If the quantity demanded of a commodity is unresponsive to change in prices, then the demand of that commodity is

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

We will be happy to hear your thoughts

Leave a reply

Gkseries.com
Logo
Register New Account