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

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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.