Economy, asked by divyanshisharma9252, 6 months ago

what will be the shape of demand curve when elasticity of demand is equal to zero​

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Answered by shazianaseem3010
0

Answer:

PED coefficient equal to zero indicates perfectly inelastic demand. ... 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.

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