When there is no change in quantity demanded in response to any change in price, it is a situation of:
a) zero price elasticity b) infinite price elasticity
c) unitary price elasticity d) none of these
PLS GIVE VERIFIED ANSWERS ONLY.
Answers
Answered by
0
Answer:
A is you right answer
Explanation:
pls follow me now
Answered by
7
Answer:
Infinite or perfect elasticity refers to the extreme case where either the quantity demanded or supplied changes by an infinite amount in response to any change in price at all. Zero elasticity refers to the extreme case in which a percentage change in price, no matter how large, results in zero change in quantity.
Similar questions