Multiple Choice Questions on When there is no change in quantity demanded in response to any change in price it is a situation of........... for Common University Entrance Test (CUET) Preparation

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Multiple Choice Questions

When there is no change in quantity demanded in response to any change in price it is a situation of...........

Economics (CUET) Consumer Behaviour and Demand
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    When there is no change in quantity demanded in response to any change in price, it is a situation of

    Zero price elasticity                                   

    Correct Answer

    unitary price elasticity 

    Incorrect Answer

    infinite price elasticity

    Incorrect Answer

    none of these

    Incorrect Answer
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    Explanation:

    Zero price elasticity

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