Economy, asked by premchaudhary703355, 1 month ago

when the price elasticity of demand fir a good equal

Answers

Answered by djhardas82

1

Explanation:

Finally, demand is said to be perfectly elastic when the PED coefficient is equal to infinity. When demand is perfectly elastic, buyers will only buy at one price and no other. Perfectly Elastic Demand: When the demand for a good is perfectly elastic, any increase in the price will cause the demand to drop to zero.

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