Question

if there is no change in demand for commodity 'X' even after rise in price then what will be its demand ​

Answer 1

If there is no change in demand for commodity 'X' even after rising in price then demand will be perfectly inelastic.

Demand:

• Demand is the number of certain goods which are desired by the consumers from the market.

The Law of Demand:

• The law of demand is an inverse relationship between the prices of goods and their demand. If the price of the goods rises then their demand will fall. In other words, The higher the price, The lower the quantity demanded. The Demand curve is a downward line from left to right.​

Perfectly inelastic demand:

• when there is a change in price and no change in demand, It is known as perfectly inelastic demand. It is an economic condition in which there is a change in price but still it will not affect the demand. For example, Life saving medicine.