Economy, asked by rafiyas957shaikh, 20 days ago

Elasticity resulting from infinite change in quality demanded

Answers

Answered by brundag

Answer:

Hope it helps you

Explanation:

Infinite elasticity or perfect elasticity refers to the extreme case in which either the quantity demanded (Qd) or supplied (Qs) changes by an infinite amount in response to any change in price at all. ... Similarly, perfectly elastic demand is an extreme example.

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