What do you call a demand where in irrespective of any change in price there is no change in demand?
A. Perfectly elastic demand
B. Unitary elastic demand
C. Relatively inelastic demand
D. Perfectly inelastic demand
Answer:D
What do you call a demand where in irrespective of any change in price there is no change in demand?
A. Perfectly elastic demand B. Unitary elastic demand C. Relatively inelastic demand D. Perfectly inelastic demand