Economics · Price Elasticity of Demand
If there is an infinite or extremely large change in demand for a commodity despite little to no change in its price, what is such demand called?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Unitary Elastic Demand
- 2Inelastic Demand
- 3Perfectly Elastic Demand✓
- 4Relatively Elastic Demand
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Perfectly Elastic Demand
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