Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:
What will be the elasticity of demand for a good in which a change in price causes no change in the quantity demanded of the commodity?
Options:
perfectly elastic
perfectly inelastic
unit elastic
more than unit elastic
Correct Answer:
perfectly inelastic
Explanation:
It is a situation where even substantial changes in price leave the demand unaffected. It is mostly seen in the case of essential goods.