Economy, asked by vijaysuthar3081, 23 hours ago

What is Perfectly Inelastic Price Elasticity of Demand?

Answers

Answered by prabhayadavmishki198

Answer:

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Explanation:

A PED coefficient equal to zero indicates perfectly inelastic demand. This means that demand for a good does not change in response to price. Perfectly Inelastic Demand: When demand is perfectly inelastic, quantity demanded for a good does not change in response to a change in price.

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