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What is inelastic demand and compare …

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What is inelastic demand and compare it with perfectly inelastic demand
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Shivangi Goel 7 years, 6 months ago

When %change in quantity demanded is less then %change in price means Ed<1, then it is inelastic demand.....While, perfectly inelastic demand refers to a situation in which any %change in price causes no changes in quantity demanded means Ed=0.....
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