Economy, asked by abhinesh12, 4 months ago

perfectly elastic demand and perfectly inelastic demand differ

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Answered by psk032007

0

Answer:

Perfectly Inelastic Demand: When demand is perfectly inelastic, quantity demanded for a good does not change in response to a change in price. Finally, demand is said to be perfectly elastic when the PED coefficient is equal to infinity. When demand is perfectly elastic, buyers will only buy at one price and no other.

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