Question

describe zero and infinite price elasticity of demand​

Answer 1

Answer:

Infinite or perfect elasticity refers to the extreme case where either the quantity demanded or supplied changes by an infinite amount in response to any change in price at all. Zero elasticity refers to the extreme case in which a percentage change in price, no matter how large, results in zero change in quantity.

Infinite or perfect elasticity refers to the extreme case where either the quantity demanded or supplied changes by an infinite amount in response to any change in price at all. Zero elasticity refers to the extreme case in which a percentage change in price, no matter how large, results in zero change in quantity.Explanation:

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Answer 2

Answer:

Infinite or perfect elasticity refers to the extreme case where either the quantity demanded or supplied changes by an infinite amount to response in any change in price at all. Zero elasticity refers to a extreme case in which a percentage change in price, no matter how large, results in zero change in quantity.

Explanation:

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