Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:

Q. Zubair has a special taste for college canteen is hotdogs. The owner of the canteen doubles the prices of hotdogs. Zubair did not respond to the increase in prices and kept on demanding the same quantity of hotdogs. His demand for hotdogs is:

  1. Perfectly elastic
  2. Perfectly inelastic
  3. Elastic
  4. Less elastic

Answer: Perfectly inelastic

We will be happy to hear your thoughts

Leave a reply

Gkseries.com
Logo
Register New Account