Economy, asked by himanshu00999, 1 year ago

when is the demand for a good said to be perfectly inelastic?​

Answers

Answered by adityarajput66
3

general, the demand for a good is said to be inelastic (or relatively inelastic) when the PED is less than one (in absolute value): that is, changes in price have a relatively small effect on the quantity of the good demanded.

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