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28 Nov 2020
A perfectly inelastic demand implies that buyers
a. decrease their purchases when the price rises.Β
b. respond substantially to an increase in price
c. increase their purchases only slightly when the price falls.
d. purchase the same amount as before when the price rises or falls
A perfectly inelastic demand implies that buyers
a. decrease their purchases when the price rises.Β
b. respond substantially to an increase in price
c. increase their purchases only slightly when the price falls.
d. purchase the same amount as before when the price rises or falls
Read by 1 person
Read by 1 person
Yusra AneesLv10
30 Dec 2020
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