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When is the demand for a commodity said to be perfectly inelastic? - Economics

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प्रश्न

When is the demand for a commodity said to be perfectly inelastic?

What do you mean by perfectly inelastic demand?

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उत्तर

When quantity demanded of a good does not change at all in response to change in its price, it is called perfectly inelastic demand.

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Degrees (Or Kinds) of Price Elasticity of Demand
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 3: Elasticity of Demand - QUESTION BANK [पृष्ठ ७६]

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गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 3 Elasticity of Demand
QUESTION BANK | Q 6. | पृष्ठ ७६
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