Economics · Economics

If the demand for a commodity remains constant despite changes in its price, what is the price elasticity of demand?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Zero✓
2Equal to one
3Less than one
4Greater than one

Correct answer

Zero

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If the demand for a commodity remains constant despite changes in its price, what is the price elasticity of demand?

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If the demand for a commodity remains constant despite changes in its price, what is the price elasticity of demand?

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