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When quantity demanded of a commodity does not change with change in price coefficient of price elasticity of demand is?(i) Perfectly inelastic demand (ed = 0):The demand for a commodity is called perfectly inelastic when quantity demanded does not change at all in response to change in its prices (See table 16.1).
When price remain constant and quantity demand changes then the elasticity of demand will be?If regardless of changes in its price, the quantity demanded of a commodity remains unchanged, then the demand curve for the commodity will be Vertical.
When elasticity of demand is equal to zero then the demand for the commodity is?Perfectly Inelastic (PED = 0)
When the price elasticity of demand or PED is zero, then the demand is perfectly inelastic. That is, there is no change in the quantity demanded in response to the change in price.
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When quantity demanded of a commodity does not change with change in price then price elasticity of demand is zero?
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