Question

15. If there is the same ratio of change in demand for a
commodity X, with the ratio of rise in its price, then its
demand is:

a. Perfectly inelastic
b. Perfectly elastic
c. Unitary elastic
d. None of these,

please help​

Answer 1

Answer:

If there is the same ratio of change in demand for a commodity X, with the ratio of rise in its price, then its. demand is: a. Perfectly inelastic.

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