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The Demand for a Commodity Is Said to Perfectly Inelastic

Question 26

Multiple Choice

The demand for a commodity is said to perfectly inelastic when:


A) a prominent change in the price level leaves the quantity demanded totally unchanged.
B) a small change in the price level affects the quantity demanded to a large extent.
C) a change in the price level has an equal impact on the quantity demanded.
D) a change in the price level has a negative impact on the quantity demanded.

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