When demand for a commodity is perfectly inelastic , an increase in price by 2% , leads
to increase in quantity demanded by ----.
a.10 %
b.2%
c.3%
d.0%

Question

When demand for a commodity is perfectly inelastic , an increase in
price by 2% , leads
to increase in quantity demanded by ----
a 10 %
b 2%
c 3%
d 0%

Harkirat Kaur · Accepted Answer

Dear student, correct answer is d) 0%
Since demand in inelastic, the change in price by 2% will not lead
to change in demand
regards
â€‹â€‹â€‹

When demand for a commodity is perfectly inelastic , an increase in price by 2% , leads to increase in quantity demanded by ----. a.10 % b.2% c.3% d.0%

When demand for a commodity is perfectly inelastic , an increase in price by 2% , leads
to increase in quantity demanded by ----.
a.10 %
b.2%
c.3%
d.0%