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The demand is said to be ______ when a very insignificant change in price leads to an infinite change in quantity demanded.

3284Medium DSSSB TGT Computer Science 0 replies 3 views
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The demand is said to be ______ when a very insignificant change in price leads to an infinite change in quantity demanded.

  • Aperfectly inelastic
  • Brelatively elastic
  • Crelatively inelastic
  • Dperfectly elastic
Correct answer: D

Explanation

When a very small change in price causes an infinite change in quantity demanded, the demand is perfectly elastic.
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