If quantity demanded is completely unresponsive to changes in price demand is ........

Economics- Phase (I & II) Demand and Supply for Money

Add to Study Deck Download Solution PDF

If quantity demanded is completely unresponsive to changes in price, demand is

Inelastic

Unit elastic

Elastic

Perfectly inelastic

छोटे Courses बड़े Results

Master Demand and Supply for Money

Prepare through Micro-courses

Try Now

Explanation:

If quantity demanded is completely unresponsive to changes in price, demand is Perfectly inelastic. Perfectly inelastic demand means that quantity demanded remains the same when price increases or decreases. Consumers are completely unresponsive to changes in price.

Report error

Submit Error