MCQOPTIONS
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| 1. |
Perfectly inelastic demand of a commodity means, |
| A. | the cost of a commodity changes but the demand remains unchanged |
| B. | the price of the commodity does not change with the change in its demand |
| C. | the demand of a commodity does not change with the change in its price |
| D. | the demand of some other commodity changes with the change in the price of one commodity. |
| Answer» D. the demand of some other commodity changes with the change in the price of one commodity. | |