Question

6. When demand for a commodity is perfectly inelastic, an increase in price by 2%, leads to increase in quantity demanded by ______
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Answer 1

Explanation:

in perfectly inelastic demand if price increases there is no change in quantity demand.

demand remains same

Answer 2

Answer:

When the demand for a specific commodity is perfectly inelastic, an increase in price by 2% will lead to an increase in quantity demanded by 0%

Explanation:

When demand is perfectly inelastic, then the demand never changes even if the price increases the price of that commodity. It happens as the people need that specific commodity in their daily lives. No matter the price, people would still buy it. The increase in price increases the total expenditure of the people buying that product.