Question

If as a result of change in price of the commodity, there is no change in the demand of the commodity, then the demand of that commodity is said to be: Perfectly Elastic ਪੂਰਨ ਲੋਚਦਾਰ पूर्ण लचकदार

Perfectly Inelastic ਪੂਰਨ ਬੇਲੋਚਦਾਰ पूर्ण बेलचकदार

Unitary Elastic ਇਕਾਈ ਲੋਚਦਾਰ इकाई लचकदार

More than unitary Elastic
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Answer 1

Answer:

ANSWER

If the price of any commodity decreases by 20% and the demand for that commodity increases by 40% then the elasticity of demand would be highly elastic as the proportionate change of quantity demand is greater than the proportionate change of price.

Answer 2

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Perfectly Inelastic ਪੂਰਨ ਬੇਲੋਚਦਾਰ पूर्ण बेलचकदार