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The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged...

Economics
JAMB 2023

The type of price elasticity of demand for a commodity whose quantity demanded remain unchanged despite changes in the price is

  • A. Perfectly elastic
  • B. Infinitely elastic
  • C. Inelastic
  • D. Perfectly inelastic
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Correct Answer: Option D
Explanation

Perfectly inelastic demand is also known as Zero elasticity demand. Zero elasticity of demand is one when whatever the change in price, there is absolutely no change in demand.

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