If a small change in price leads to infinitely large change in quantity demanded, then the demand is:

– by
Question:

If a small change in price leads to infinitely large change in quantity demanded, then the demand is:

A.

Perfectly elastic

B.

Perfectly inelastic

C.

Elastic

D.

Inelastic

Answer» b. Perfectly inelastic

Note: The above multiple-choice question is for all general and Competitive Exams in India.