Economy, asked by montikansal4315, 2 months ago

What is perfectly inelastic demand. Explain and diagram

Answers

Answered by psk032007

Answer:

Perfectly inelastic demand is graphed as a vertical line and indicates a price elasticity of zero at every point of the curve. This means that the same quantity will be demanded regardless of the price. Perfectly Inelastic Demand: Perfectly inelastic demand is graphed as a vertical line.

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