tb mc qu. 06 - 42 if quantity demanded is completely... if quantity demanded is completely unresponsive to…
tb mc qu. 06 - 42 if quantity demanded is completely... if quantity demanded is completely unresponsive to price changes, demand is multiple choice perfectly elastic. relatively elastic. relatively inelastic. perfectly inelastic.
Answer
Brief Explanations:
Elasticity measures responsiveness of quantity demanded to price changes. When quantity demanded is completely unresponsive, elasticity of demand is zero, which is defined as perfectly inelastic.
Answer:
D. perfectly inelastic