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When a change in price does not affect the quantity demanded of a commodity ,...

Economics
WAEC 2004
When a change in price does not affect the quantity demanded of a commodity , the price elasticity of demand is
  • A. fairly inelastic
  • B. infinitely elastic
  • C. perfectly inelastic
  • D. unitary elastic
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Correct Answer: Option C
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now