When the quantity demanded does not change as a result of change in the price of a commodity, the demand of that commodity is called

Inelastic demand

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Elastic demand

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Unit elastic demand

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Perfectly inelastic demand

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Solution

The correct option is D
Perfectly inelastic demand

When the demand of a quantity does not change as a result of a change in the price of a commodity, the demand of that commodity is called a perfectly inelastic demand. In this case, the elasticity of demand is zero.

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Similar questions

Q. Give reasons or explain the following statements:

1. Demand for necessaries is inelastic.

2. Demand for habitual goods is inelastic.

3. Concept of Elasticity of Demand helps trade union leaders.

4. Demand for commodity having multiple uses has elastic demand.

5. Demand for goods having snob appeal has elastic demand.

Q. Distinguish between:

1. Perfectly elastic demand and perfectly inelastic demand

2. Relatively elastic demand and relatively inelastic demand

Q. If the change in the quantity demanded is proportionate to the change in price, the elasticity of demand of commodity will be _______ .

Q. For a commodity.

△ P / P = - 0.2

, and elasticity of demand

= - 0.3

. Find percentage change in quantity demanded.

Elasticity of demand, measured by comparing the ratio of percentage change in the quantity demanded to the percentage change in the price of a commodity, is known as

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When the quantity demanded does not change as a result of change in the price of a commodity, the demand of that commodity is called

The correct option is D Perfectly inelastic demand When the demand of a quantity does not change as a result of a change in the price of a commodity, the demand of that commodity is called a perfectly inelastic demand. In this case, the elasticity of demand is zero.

The correct option is D
Perfectly inelastic demand

When the demand of a quantity does not change as a result of a change in the price of a commodity, the demand of that commodity is called a perfectly inelastic demand. In this case, the elasticity of demand is zero.