When a small change in price leads to infinite change in quantity demanded, it is called

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Question:
When a small change in price leads to infinite change in quantity demanded, it is called

1.Perfectly elastic demand

2.Perfectly inelastic demand

3.Relative elastic demand

4.Relative inelastic demand

Posted Date:-2021-11-04 01:11:58

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  16. Functional relationship between input and output known as
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  42. Which is the determinant of the pricing policy of a firm?
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