Define the inelastic demand
Define the inelastic demand.
Expert
Perfectly inelastic demand:
In this case, even a huge change in price fails to bring regarding a change in quantity demanded. It is the change in price will not influence the quantity demanded and quantity remains similar whatever the change in price. Now there demand curve will be vertical line as given and ep= 0.
What are the Functions and Responsibilities of managerial economist?
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answer written below is correct for the question detail exception of demand curve ?
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Illustrates the Scope of Managerial /Business Economics?
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