Question

Perfectly inelastic demand​

Answer 1

Answer:

Perfectly inelastic demand is the situation where there no change in quantity demanded even there is change in price of the goods, the the demand is said to be perfectly inelastic. Simply mean no change in demand for change in price.

Answer 2

Answer:

ᴘᴇʀғᴇᴄᴛʟʏ ɪɴᴇʟᴀsᴛɪᴄ ᴅᴇᴍᴀɴᴅ ɪs ᴛʜᴇ sɪᴛᴜᴀᴛɪᴏɴ ᴡʜᴇʀᴇ ᴛʜᴇʀᴇ ɴᴏ ᴄʜᴀɴɢᴇ ɪɴ ǫᴜᴀɴᴛɪᴛʏ ᴅᴇᴍᴀɴᴅᴇᴅ ᴇᴠᴇɴ ᴛʜᴇʀᴇ ɪs ᴄʜᴀɴɢᴇ ɪɴ ᴘʀɪᴄᴇ ᴏғ ᴛʜᴇ ɢᴏᴏᴅs, ᴛʜᴇ ᴛʜᴇ ᴅᴇᴍᴀɴᴅ ɪs sᴀɪᴅ ᴛᴏ ʙᴇ ᴘᴇʀғᴇᴄᴛʟʏ ɪɴᴇʟᴀsᴛɪᴄ. sɪᴍᴘʟʏ ᴍᴇᴀɴ ɴᴏ ᴄʜᴀɴɢᴇ ɪɴ ᴅᴇᴍᴀɴᴅ ғᴏʀ ᴄʜᴀɴɢᴇ ɪɴ ᴘʀɪᴄᴇ.